Guideline Value for Mudichur Road

Mudichur Road guideline value

The current guideline value of Mudichur Road is Rs 3,960 per sq.ft, effective from 1 July 2024. This road is located in Perungalathur village and falls under the Padappai SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Mudichur Road has changed

The guideline value for Mudichur Road has undergone several revisions over the years. The earliest available figure is from 2007, which was Rs 350 per sq.ft. This value saw a significant increase to Rs 3,600 per sq.ft in 2012, marking a change of +929%. However, the value then decreased to Rs 2,412 per sq.ft in 2017, reflecting a decline of -33%. The most recent revisions show an increase to Rs 3,600 per sq.ft in 2023, followed by a further rise to the current value of Rs 3,960 per sq.ft in 2024, which is a change of +10%.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by +1031%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. Mudichur Road's 2024 guideline value is above this median.

• M.R.Rajamanikkam Street: Rs 1,650 per sq.ft (2024)
• MRK Nagar: Rs 1,650 per sq.ft (2024)
• Mothilal Street: Rs 2,640 per sq.ft (2024)
• Mooventhar Nagar: Rs 2,970 per sq.ft (2024)
• MOOVENDHAR NAGAR EXTN 9th and 11th Street: Rs 3,960 per sq.ft (2024)
• Moovendhar Nagar Extn: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Mudichur Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, making the total cost Rs 3,56,400. 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 Mudichur Road?

The Sub Registrar Office that covers Mudichur Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perungalathur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Mudichur Road?

The current guideline value of Mudichur Road is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 350 per sq.ft in 2007 to Rs 3,960 per sq.ft in 2024, reflecting an overall increase of +1031% over this period.

What is the land classification for Mudichur Road?

The land classification for Mudichur Road is Commercial Class I Type - I, indicating its intended use for commercial activities.

Where can I find the Sub Registrar Office for Mudichur Road?

The Sub Registrar Office for Mudichur Road is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Mudichur Road?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied, ensuring that all property transactions are properly documented.