Guideline Value for RATHINA MUDALI MAIN STREET

Rathina Mudali Main Street guideline value

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

How the guideline value of Rathina Mudali Main Street has changed

The guideline value for Rathina Mudali Main Street has undergone several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it decreased to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 5,400 per sq.ft. The revisions for the years 2002 and 2003 have no figures recorded for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 8%. The value saw a remarkable increase of 614% from 2007 to 2012, and overall, from 2007 to 2024, the increase is 671%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO carrying a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Rathina Mudali Main Street's 2024 figure above the median.

• Rathina Mudali 2nd Street: Rs 5,400 per sq.ft (2024)
• Rathina Mudali 1st 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 Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total 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, bringing the total fees to 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 also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Rathina Mudali Main Street?

The Sub Registrar Office that covers Rathina Mudali Main Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Rathina Mudali Main Street?

The current guideline value of Rathina Mudali Main 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 seen several revisions, increasing from Rs 700 per sq.ft in 2007 to Rs 5,400 per sq.ft in 2024, with various fluctuations in between.

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

Other streets in Perambur with similar guideline values include Rathina Mudali 1st Street and Rathina Mudali 2nd Street, both at Rs 5,400 per sq.ft in 2024.

What is the stamp duty rate for properties in Rathina Mudali Main Street?

The stamp duty rate for properties in Rathina Mudali Main Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Rathina Mudali Main Street located?

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