Guideline Value for Perumal Mudali Road

Perumal Mudali Road guideline value

The current guideline value of Perumal Mudali Road is Rs 7,700 per sq.ft, effective from 1 July 2024. This road is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Perumal Mudali Road has changed

The guideline value for Perumal Mudali Road has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 1,010 per sq.ft. It increased to Rs 1,108 per sq.ft in 2003, marking a 10% rise. The value then saw a significant increase to Rs 1,650 per sq.ft in 2007, which was a 49% change. By 2012, the value reached Rs 7,000 per sq.ft, reflecting a substantial increase of 324% from the previous revision.

In 2017, the guideline value decreased to Rs 4,690 per sq.ft, representing a decline of 33%. However, this trend reversed in the 2024 revision, where the guideline value rose to Rs 7,700 per sq.ft, showing a 64% increase from 2017. It is important to note that there is no figure available for the year 2023 for this street.

Guideline values in Triplicane

In Triplicane village, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for the area is Rs 6,600 per sq.ft, making the 2024 figure for Perumal Mudali Road above this median.

• Perumal Mudali Street: Rs 7,700 per sq.ft (2024)
• Peters Lane: Rs 7,700 per sq.ft (2024)
• Peters Road (North Side): Rs 13,200 per sq.ft (2024)
• Peyalwar Street: Rs 7,700 per sq.ft (2024)
• Pillaiyar Koil 1st lane: Rs 6,600 per sq.ft (2024)
• Pillaiyar Koil 2nd lane: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Mudali Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000. Together, these fees total Rs 6,93,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Perumal Mudali Road?

The Sub Registrar Office that covers Perumal Mudali Road is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Triplicane. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty 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 Perumal Mudali Road?

The current guideline value of Perumal Mudali Road is Rs 7,700 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 1,010 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, with various increases and decreases in between.

Is there a guideline value for the year 2023?

No, the register has no figure for Perumal Mudali Road for the year 2023.

What is the median guideline value in Triplicane?

The median guideline value for streets in Triplicane is Rs 6,600 per sq.ft, with Perumal Mudali Road's current value being above this median.

Where is the Triplicane Sub Registrar Office located?

The Triplicane Sub Registrar Office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.