Guideline Value for MATHIYAZHAGAN STREET

Mathiyazhagan Street guideline value

The current guideline value of Mathiyazhagan Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Mathiyazhagan Street has changed

The guideline value for Mathiyazhagan Street has undergone several revisions over the years. In 2003, the value was Rs 369 per sq.ft, which increased to Rs 550 per sq.ft in 2007, marking a significant rise of 49%. The 2012 revision saw the value jump to Rs 2,500 per sq.ft, reflecting a remarkable increase of 355% from the previous figure. The latest revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an 8% increase from the 2012 figure.

It is important to note that there are no figures available for the years 2023, 2017, and 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 632%, highlighting the substantial changes over the years.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the current guideline value of Mathiyazhagan Street.

• Mayor Krishnamurthy Street: Rs 2,200 per sq.ft (2024)
• Meenakshi Street: Rs 6,000 per sq.ft (2024)
• Melpatti Ponnappa Mudali Street: Rs 7,100 per sq.ft (2024)
• Ma.Po.Si Street: Rs 2,700 per sq.ft (2024)
• Mannarsamy Koil Street: Rs 4,300 per sq.ft (2024)
• Manimegalai Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Mathiyazhagan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for stamp duty and registration fee would be Rs 2,43,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mathiyazhagan Street?

The Sub Registrar Office that covers Mathiyazhagan Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Perambur

The guideline value is a crucial factor in property transactions in Perambur. It serves as the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the registration process.

When buying or selling property, the guideline value helps determine the financial obligations involved in the transaction. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration at the Purasaivakkam SRO.

Frequently asked questions

What is the current guideline value of Mathiyazhagan Street?

The current guideline value of Mathiyazhagan Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 369 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 632% over the years.

Is there a guideline value for Mathiyazhagan Street for the years 2023, 2017, and 2002?

No, the register has no figures for Mathiyazhagan Street for the years 2023, 2017, and 2002.

What is the classification of Mathiyazhagan Street?

Mathiyazhagan Street is classified as Residential Class III Type - II.

Where can I find more information about the registration process?

For more information about the registration process and to find your Sub Registrar Office, you can visit the official website or use the find your SRO link.