Guideline Value for SINGARA MUDALI STREET

Singara Mudali Street guideline value

The current guideline value of Singara Mudali Street in Chinnakavanam village is Rs 300 per sq.ft, effective from 1 July 2024. This street falls under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Singara Mudali Street has changed

The guideline value for Singara Mudali Street has undergone several revisions over the years. The earliest recorded revision is from 2012, setting the value at Rs 200 per sq.ft. In 2017, the value increased to Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 300 per sq.ft, reflecting an increase of 124%. The most recent revision in 2024 maintained this value at Rs 300 per sq.ft, showing no change from the previous year.

It is noteworthy that there are no figures recorded for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 50% from 2012 to 2024.

Guideline values in Chinnakavanam

In Chinnakavanam, there are 28 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft, with the median being Rs 300 per sq.ft. Singara Mudali Street's 2024 figure aligns with this median.

• Sivan Kovil Madaveethi: Rs 300 per sq.ft (2024)
• Sivan Kovil Street: Rs 300 per sq.ft (2024)
• Sri Kari Krishna Perumal Nagar: Rs 300 per sq.ft (2024)
• Sri Sai Aanand Garden: Rs 300 per sq.ft (2024)
• Sudukadu Chellum Pathai: Rs 300 per sq.ft (2024)
• Sundar Raja Mudali Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Singara Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. It is important to note that the 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 Singara Mudali Street?

The Sub Registrar Office that covers Singara Mudali Street is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chinnakavanam. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the guideline value is referenced to ensure that the appropriate fees are calculated accurately. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Singara Mudali Street?

The current guideline value of Singara Mudali Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most significant increase occurring from 2017 to 2023, where it rose by 124%. From 2012 to 2024, the overall increase is 50%.

What is the classification of land on Singara Mudali Street?

Singara Mudali Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Chinnakavanam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. It is essential to consider both figures when determining the total amount payable during property registration.