Guideline Value for Perumal Mudali extn

Perumal Mudali extn guideline value

The current guideline value of Perumal Mudali extn is Rs 7,100 per sq.ft, effective from 1 July 2024. This area is located in Egmore village, under the Periamet SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Perumal Mudali extn has changed

The guideline value for Perumal Mudali extn has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, it then decreased to Rs 4,355 per sq.ft in 2017. The 2023 revision set the value at Rs 6,500 per sq.ft, and the most recent revision in 2024 increased it to Rs 7,100 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2007 to 2012, there was a remarkable increase of 442%, followed by a decrease of 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, a 9% increase was observed from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 492%.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO, with the 2024 guideline values ranging from Rs 2,800 to Rs 22,000 per sq.ft. The median value is Rs 7,100 per sq.ft, which is the same as the current value for Perumal Mudali extn.

• Perumal Mudali 1st lane: Rs 7,100 per sq.ft (2024)
• Perumal Mudali street: Rs 7,100 per sq.ft (2024)
• Perumal Reddy lane: Rs 3,400 per sq.ft (2024)
• Perumal reddy street: Rs 3,400 per sq.ft (2024)
• Pillaiyar Koil street: Rs 6,300 per sq.ft (2024)
• Police Commissioner Office Salai: Rs 18,100 per sq.ft (2024)

Stamp duty and registration fee for property in Perumal Mudali extn

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, making a total of Rs 6,39,000. 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 further calculations.

Which Sub Registrar Office covers Perumal Mudali extn?

The Sub Registrar Office that covers Perumal Mudali extn is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Egmore. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in maintaining transparency and uniformity in property transactions across the region.

Frequently asked questions

What is the current guideline value of Perumal Mudali extn?

The current guideline value of Perumal Mudali extn is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,200 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 492% over the years.

What is the land classification for Perumal Mudali extn?

The land classification for Perumal Mudali extn is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Perumal Mudali extn?

The Periamet Sub Registrar Office covers Perumal Mudali extn and is located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Perumal Mudali extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 at a rate of 7%.