Guideline Value for PUDHU THANDAVARAYAN MUDALI STREET

Pudhu Thandavarayan Mudali Street guideline value

The current guideline value of Pudhu Thandavarayan Mudali Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village under the Purasaivakkam SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Pudhu Thandavarayan Mudali Street has changed

The guideline value for Pudhu Thandavarayan Mudali Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,800 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it then decreased to Rs 3,350 per sq.ft in 2017. The value rose again to Rs 5,000 per sq.ft in 2023 and has now reached Rs 5,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value saw a substantial increase of 49%. The overall change from 2007 to 2024 is a remarkable increase of 206%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value for these streets is Rs 5,500 per sq.ft, which is equal to the current guideline value of Pudhu Thandavarayan Mudali Street.

• Prasanna Vinayagar Koil Street: Rs 6,500 per sq.ft (2024)
• Purasawakkam High Road: Rs 10,900 per sq.ft (2024)
• Purasawakkam High Road Lane: Rs 10,900 per sq.ft (2024)
• Potters Street: Rs 4,900 per sq.ft (2024)
• Poonamallee High Road Lane (A) E.V.R Periyar Lane: Rs 13,200 per sq.ft (2024)
• Poonamallee High Road (A) E.V.R Periyar High Road: Rs 18,100 per sq.ft (2024)

Stamp duty and registration fee for property in Pudhu Thandavarayan Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost to Rs 4,95,000. It is important to note that 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 Pudhu Thandavarayan Mudali Street?

The Sub Registrar Office that covers Pudhu Thandavarayan Mudali Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Purasaivakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is documented at a fair price as per the government standards. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Pudhu Thandavarayan Mudali Street?

The current guideline value of Pudhu Thandavarayan Mudali Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 206% over the years.

Which Sub Registrar Office is responsible for Pudhu Thandavarayan Mudali Street?

The Purasaivakkam Sub Registrar Office is responsible for Pudhu Thandavarayan Mudali Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 5,500 per sq.ft, the total guideline value for a 1,000 sq.ft plot would be Rs 55,00,000. The stamp duty would be Rs 3,85,000, and the registration fee would be Rs 1,10,000.

What is the land classification for Pudhu Thandavarayan Mudali Street?

Pudhu Thandavarayan Mudali Street falls under the Residential Class III Type - I land classification.