Guideline Value for RAJAGOPAL MUDALI STREET

Rajagopal Mudali Street guideline value

The current guideline value of Rajagopal Mudali Street is Rs 1,110 per sq.ft. This street is located in Mathuranthagam village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Rajagopal Mudali Street has changed

The guideline value for Rajagopal Mudali Street has seen several revisions over the years. The most recent revision, effective from 1 July 2024, set the value at Rs 1,110 per sq.ft, an increase from Rs 1,000 per sq.ft in the previous year (2023). Prior to that, in 2017, the value was Rs 670 per sq.ft, indicating a significant rise of 49% from 2017 to 2023.

Looking further back, the guideline value was Rs 1,000 per sq.ft in 2012, which marked a decrease of 33% from Rs 670 per sq.ft in 2017. The 2007 revision recorded a value of Rs 500 per sq.ft, reflecting a 100% increase to Rs 1,000 per sq.ft in 2012. Overall, from 2007 to 2024, the guideline value has increased by 122%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Mathuranthagam

In Mathuranthagam, there are 109 streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 440 to Rs 1,480 per sq.ft. The median guideline value is Rs 1,100 per sq.ft, placing Rajagopal Mudali Street's value at the median level.

• Ramachandra Nagar: Rs 775 per sq.ft (2024)
• Priority Garden: Rs 1,110 per sq.ft (2024)
• RANGACHARI STREET (a) RANGAN STREET: Rs 1,110 per sq.ft (2024)
• Ranga Nagar: Rs 1,100 per sq.ft (2024)
• RANGASAMY NAIKAR (a) KANNAKKAR STREET: Rs 1,110 per sq.ft (2024)
• Rayam Ramanujam Iyyengar Street: Rs 1,110 per sq.ft (2024)

Stamp duty and registration fee for property in Rajagopal Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value amounts to Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total charges to Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Rajagopal Mudali Street?

The Sub Registrar Office that covers Rajagopal Mudali Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mathuranthagam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that need to be paid.

When a property transaction occurs, the guideline value ensures that the property is not undervalued, thereby safeguarding the interests of the government in terms of revenue collection. Buyers and sellers must be aware of the guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Rajagopal Mudali Street?

The current guideline value of Rajagopal Mudali Street is Rs 1,110 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,110 per sq.ft in 2024, representing an overall increase of 122% over the years.

What is the registration office for Rajagopal Mudali Street?

The registration office that covers Rajagopal Mudali Street is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties on Rajagopal Mudali Street?

Stamp duty for properties on Rajagopal Mudali Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 77,700.

What are the other streets in Mathuranthagam with similar guideline values?

Other streets in Mathuranthagam with similar guideline values include Priority Garden, RANGACHARI STREET (a) RANGAN STREET, RANGASAMY NAIKAR (a) KANNAKKAR STREET, and Rayam Ramanujam Iyyengar Street, all valued at Rs 1,110 per sq.ft in 2024.