Guideline Value for SANTHIYAPPA MUDALI 2ND STREET

Santhiyappa Mudali 2nd Street guideline value

The current guideline value of Santhiyappa Mudali 2nd Street is Rs 4,900 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class I Type - II.

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

The guideline value for Santhiyappa Mudali 2nd Street has undergone several revisions over the years. The oldest recorded figure is from 2007, where the guideline value was Rs 1,100 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 309%. However, it then dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The latest revision in 2024 sees the value at Rs 4,900 per sq.ft, representing a 63% increase 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 village, 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. The median value is Rs 2,700 per sq.ft, placing Santhiyappa Mudali 2nd Street's 2024 figure above this median.

• Santhiyappa Mudali 1st 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 2nd 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 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 precise calculations.

Which Sub Registrar Office covers Santhiyappa Mudali 2nd Street?

The Sub Registrar Office covering Santhiyappa Mudali 2nd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Perambur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to assess the applicable duties and fees. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

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

The current guideline value of Santhiyappa Mudali 2nd 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 significantly 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 2nd Street?

Santhiyappa Mudali 2nd Street is classified as Residential Class I Type - II according to the local guidelines.

Where can I find the Sub Registrar Office for Santhiyappa Mudali 2nd Street?

The Sub Registrar Office for Santhiyappa Mudali 2nd Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Santhiyappa Mudali 2nd Street?

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