Guideline Value for RATHINA MUDALI 2ND STREET

Rathina Mudali 2nd Street guideline value

The current guideline value of Rathina Mudali 2nd Street is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Rathina Mudali 2nd Street has changed

The guideline value for Rathina Mudali 2nd Street has seen significant changes over the years. In the 2007 revision, the value was Rs 700 per sq.ft, which increased dramatically to Rs 5,000 per sq.ft in 2012, marking a rise of 614%. However, in the 2017 revision, the value dropped to Rs 3,350 per sq.ft, a decrease of 33%. The value then increased to Rs 5,000 per sq.ft in the 2023 revision, followed by the current value of Rs 5,400 per sq.ft in the 2024 revision, reflecting an 8% increase.

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

Guideline values in Perambur

In Perambur, there are a total of 1114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, placing Rathina Mudali 2nd Street's 2024 figure above this median.

• Rathina Mudali 1st 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 2nd Street

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

Which Sub Registrar Office covers Rathina Mudali 2nd Street?

The Sub Registrar Office that covers Rathina Mudali 2nd 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

When buying or selling property in Perambur, the guideline value plays a crucial role during the registration process. It is used to determine the stamp duty and registration fees, which are mandatory when completing a property transaction.

The guideline value ensures that the property is assessed fairly for taxation purposes. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Rathina Mudali 2nd Street?

The current guideline value of Rathina Mudali 2nd 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 significantly from Rs 700 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024, reflecting an overall increase of 671% over the years.

What is the land classification for Rathina Mudali 2nd Street?

Rathina Mudali 2nd Street is classified as Residential Class I Type - I, indicating its suitability for residential developments.

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

For a property valued at Rs 54,00,000, the stamp duty would be Rs 3,78,000 and the registration fee would be Rs 1,08,000, totaling Rs 4,86,000.

Which registration office covers Rathina Mudali 2nd Street?

The Purasaivakkam Sub Registrar Office covers Rathina Mudali 2nd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.