Guideline Value for RATHINA MUDALI 1ST STREET

Rathina Mudali 1st Street guideline value

The current guideline value of Rathina Mudali 1st Street is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Rathina Mudali 1st Street has changed

Over the years, the guideline value of Rathina Mudali 1st Street has undergone several revisions. The earliest recorded revision is from 2007, where the guideline value was Rs 700 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a substantial rise of 614%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a drop of 33%. The most recent revision in 2024 saw the value rise to Rs 5,400 per sq.ft, reflecting an increase of 61% from 2017.

There are no figures available for the years 2023, 2003, and 2002 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 671%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Rathina Mudali 1st Street's 2024 guideline value is above this median.

• Rathina Mudali 2nd Street: Rs 5,400 per sq.ft (2024)
• Rathina Mudali Main Street: Rs 5,400 per sq.ft (2024)
• Rani Ammayar Street: Rs 2,700 per sq.ft (2024)
• Rani Ammal Street: Rs 2,200 per sq.ft (2024)
• Rangappan Lane: Rs 2,200 per sq.ft (2024)
• Ranganathapuram Hut Area: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Rathina Mudali 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 5,400 per sq.ft, the guideline value amounts to Rs 54,00,000. The stamp duty at 7% would be Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, totaling Rs 4,86,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rathina Mudali 1st Street?

The Sub Registrar Office that covers Rathina Mudali 1st 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 registering property transactions in Perambur. It serves as a reference point for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the applicable charges, ensuring that the transaction is recorded accurately. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Rathina Mudali 1st Street?

The current guideline value of Rathina Mudali 1st Street is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024, representing an overall increase of 671%.

What is the land classification for Rathina Mudali 1st Street?

The land classification for Rathina Mudali 1st Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Rathina Mudali 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for property transactions?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 54,00,000, the stamp duty at 7% would be Rs 3,78,000.