Guideline Value for Mudaliar St

Mudaliar St guideline value

The current guideline value of Mudaliar St in Perampakkam village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Perambakkam SRO and is classified as Residential Class V Type - I.

How the guideline value of Mudaliar St has changed

The guideline value for Mudaliar St has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 100 per sq.ft. This increased to Rs 200 per sq.ft in 2012, then dropped to Rs 134 per sq.ft in 2017. Following that, the value returned to Rs 200 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a significant increase of 49%. The value remained unchanged from 2023 to 2024, reflecting a 0% change. Overall, from 2007 to 2024, the guideline value has doubled, showing a 100% increase.

Guideline values in Perampakkam

In Perampakkam, there are 20 streets under the Perambakkam SRO with a 2024 guideline value ranging from Rs 200 to Rs 500 per sq.ft, with a median value of Rs 350 per sq.ft. Mudaliar St's 2024 figure is below this median.

• MGR Nagar: Rs 350 per sq.ft (2024)
• Nallathamman Koil St: Rs 326 per sq.ft (2024)
• Perumal Koil St: Rs 400 per sq.ft (2024)
• Pettai St: Rs 350 per sq.ft (2024)
• KK Nagar: Rs 350 per sq.ft (2024)
• Kavarai St (Chetti St): Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Mudaliar St

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Mudaliar St?

The Sub Registrar Office that covers Mudaliar St is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Perampakkam. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value according to government standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are recorded accurately, and the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Mudaliar St?

The current guideline value of Mudaliar St is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and returned to Rs 200 per sq.ft in 2023 and 2024.

What are the stamp duty and registration fees for a property in Mudaliar St?

For a property valued at Rs 200 per sq.ft, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000 for a 1,000 sq.ft plot.

Which Sub Registrar Office is responsible for Mudaliar St?

The Perambakkam Sub Registrar Office is responsible for Mudaliar St, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

What is the land classification of Mudaliar St?

Mudaliar St is classified as Residential Class V Type - I under the current guideline value regulations.