Guideline Value for SINGARA MUDALI STREET

Singara Mudali Street guideline value

The current guideline value of Singara Mudali Street is Rs 2,700 per sq.ft. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Singara Mudali Street has changed

The guideline value for Singara Mudali Street has undergone several revisions over the years. In 2002, the value was Rs 435 per sq.ft, which increased to Rs 477 per sq.ft in 2003. Following this, the value rose to Rs 550 per sq.ft in 2007, and then saw a significant jump to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017 before climbing back to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft.

From 2017 to 2023, the value increased by 49%, while the change from 2023 to 2024 was an 8% increase. Notably, the value saw a remarkable increase of 355% from 2007 to 2012. Overall, from 2002 to 2024, the guideline value has increased by 521%. There are no figures available for revisions in the years not listed.

Guideline values in Perambur

In Perambur, 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 guideline value is Rs 2,700 per sq.ft, which is the same as the current value for Singara Mudali Street.

• Sivagami Ammaiar Colony 7th 1st Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 7th 2nd Cross Lane: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 7th 3rd Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 7th 4th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 8th 2nd Cross Lane: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 8th 3rd Cross Street: Rs 3,200 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 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 cost 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Singara Mudali Street?

The Sub Registrar Office that covers Singara Mudali 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 crucial factor when registering property transactions in Perambur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value serves as a benchmark for both buyers and sellers. It provides transparency in transactions and helps in standardizing the property values across 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 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 435 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 521% over this period.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles property registrations for Singara Mudali Street?

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

What is the land classification for Singara Mudali Street?

Singara Mudali Street is classified under Residential Class III Type - II, indicating its designation for residential use.