Guideline Value for SANTHIYAPPA MUDALI 1ST STREET

Santhiyappa Mudali 1st Street guideline value

The current guideline value of Santhiyappa Mudali 1st Street is Rs 4,900 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 - II.

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

The guideline value for Santhiyappa Mudali 1st Street has seen several revisions over the years. In 2007, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 309%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, a drop of 33%. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, reflecting an increase of 63% from the 2017 figure.

There are no figures available for the years 2023, 2003, and 2002 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 345%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, placing the 2024 guideline value of Santhiyappa Mudali 1st Street above this median.

• Santhiyappa Mudali 2nd Street: Rs 4,900 per sq.ft (2024)
• Santhiyappa Mudali 3rd Street: Rs 4,900 per sq.ft (2024)
• Santhi Nagar Main Road: Rs 4,300 per sq.ft (2024)
• Santhi Nagar 6th Street: Rs 4,300 per sq.ft (2024)
• Santhi Nagar 5th Street: Rs 4,300 per sq.ft (2024)
• Santhi Nagar 4th Street: Rs 4,300 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Santhiyappa Mudali 1st Street?

The Sub Registrar Office that covers Santhiyappa 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 during property registration in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

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

The current guideline value of Santhiyappa Mudali 1st Street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, showing an overall increase of 345% over the years.

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

Santhiyappa Mudali 1st Street is classified as Residential Class I Type - II.

Which office handles the registration for this street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 49,00,000 would incur a stamp duty of Rs 3,43,000 at 7%.