Guideline Value for RAJAGOPAL MUDALI STREET

Rajagopal Mudali Street guideline value

The current guideline value of Rajagopal Mudali Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Rajagopal Mudali Street has changed

The guideline value for Rajagopal Mudali Street has undergone several revisions over the years. In 2002, the guideline value was Rs 420 per sq.ft. This increased to Rs 461 per sq.ft in 2003, marking a 10% rise. The value saw another increase in 2007, reaching Rs 600 per sq.ft, which was a 30% increase from the previous revision. In 2012, the value rose significantly to Rs 3,500 per sq.ft, reflecting a remarkable 483% increase. However, this value dropped to Rs 2,345 per sq.ft in 2017, indicating a decrease of 33%. The guideline value then increased to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,800 per sq.ft in 2024, which is a 9% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 805%. There are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Perambur

In Perambur village, the guideline values for 2024 range from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Rajagopal Mudali Street is above this median, reflecting its current valuation.

• Rajabadar Street: Rs 3,800 per sq.ft (2024)
• Rajaji Street (Ilango Nagar): Rs 3,800 per sq.ft (2024)
• Ragavan Street: Rs 3,800 per sq.ft (2024)
• Rajangam Street: Rs 2,700 per sq.ft (2024)
• Puzhal Sivagnanam Street: Rs 5,400 per sq.ft (2024)
• Puzhal Murugesan Street: Rs 5,400 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 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making the total cost Rs 3,42,000. 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 Rajagopal Mudali Street?

The Sub Registrar Office that covers Rajagopal 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 Perambur

The guideline value is a crucial factor when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure they are compliant with local regulations.

During the registration process, the guideline value is used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and fairly within the legal framework.

Frequently asked questions

What is the current guideline value of Rajagopal Mudali Street?

The current guideline value of Rajagopal Mudali Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 420 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 805% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,42,000.

Which office handles property registrations for Rajagopal Mudali Street?

The Purasaivakkam Sub Registrar Office handles property registrations for Rajagopal Mudali Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Rajagopal Mudali Street?

Rajagopal Mudali Street falls under the Residential Class II Type - II land classification, indicating its designation for residential use.