Guideline Value for SAIVA MUTHAIYA MUDALI 6TH STREET

Saiva Muthaiya Mudali 6th Street guideline value

The current guideline value of Saiva Muthaiya Mudali 6th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of Saiva Muthaiya Mudali 6th Street has changed

Over the years, the guideline value of Saiva Muthaiya Mudali 6th Street has seen significant changes. The earliest recorded figure is from 2003, at Rs 369 per sq.ft. This figure increased to Rs 550 per sq.ft in 2007, marking a rise of 49%. The value then surged to Rs 2,500 per sq.ft in 2012, reflecting a substantial increase of 355%. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The guideline value then rose to Rs 2,500 per sq.ft in 2023, followed by an increase to Rs 2,700 per sq.ft in 2024, representing an 8% increase.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 632%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which is equal to the guideline value of Saiva Muthaiya Mudali 6th Street.

• Sadgopa Azhvar Street: Rs 2,700 per sq.ft (2024)
• Sakthi Vinayagar Koil Street: Rs 2,200 per sq.ft (2024)
• Salaimanagar: Rs 2,700 per sq.ft (2024)
• Salaimanagar 1st Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Salaimanagar 3rd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Saiva Muthaiya Mudali 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saiva Muthaiya Mudali 6th Street?

The Sub Registrar Office that covers Saiva Muthaiya Mudali 6th 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 an essential factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring transparency in the registration process.

When you buy or sell property, the guideline value will be used to calculate the stamp duty and registration fees applicable to the transaction. This helps in maintaining a standardized approach in property dealings within the region.

Frequently asked questions

What is the current guideline value of Saiva Muthaiya Mudali 6th Street?

The current guideline value of Saiva Muthaiya Mudali 6th Street is Rs 2,700 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 369 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, with various increases and decreases along the way.

What is the land classification of Saiva Muthaiya Mudali 6th Street?

Saiva Muthaiya Mudali 6th Street is classified as Residential Class III Type - II.

Which office handles registrations for this street?

The Purasaivakkam Sub Registrar Office handles registrations for Saiva Muthaiya Mudali 6th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 27,00,000 would incur a stamp duty of Rs 1,89,000 at a rate of 7%.