Guideline Value for SUBBARAYA MUDALI STREET

Subbaraya Mudali Street guideline value

The current guideline value of Subbaraya Mudali Street is Rs 4,300 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Subbaraya Mudali Street has changed

The guideline value for Subbaraya Mudali Street has seen 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. The value then rose significantly to Rs 700 per sq.ft in 2007, followed by a substantial jump to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017 before climbing back to Rs 4,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 4,300 per sq.ft.

Between the revisions, notable changes include an increase of 8% from 2023 to 2024, a significant rise of 49% from 2017 to 2023, and a decrease of 33% from 2012 to 2017. The value saw a remarkable increase of 471% from 2007 to 2012, and a 47% rise from 2003 to 2007. Overall, from 2002 to 2024, the guideline value has increased by 889%. There are no figures available for any other revisions for this street.

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 guideline value in this area is Rs 2,700 per sq.ft, placing Subbaraya Mudali Street's 2024 value above this median.

• Subash Chandra Bose Road: Rs 3,800 per sq.ft (2024)
• Subramaniam Koil Street: Rs 4,300 per sq.ft (2024)
• Subramaniam Lane: Rs 3,800 per sq.ft (2024)
• Subramaniya Barathi Cross Street: Rs 4,300 per sq.ft (2024)
• Subramaniya Barathi Main Road: Rs 4,900 per sq.ft (2024)
• Stephenson Road: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Subbaraya Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,300 per sq.ft, the total guideline value would be Rs 43,00,000. The stamp duty at 7% would amount to Rs 3,01,000, and the registration fee at 2% would be Rs 86,000, resulting in a total of Rs 3,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Subbaraya Mudali Street?

The Subbaraya Mudali Street is covered by 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 plays a crucial role in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to assess the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Subbaraya Mudali Street?

The current guideline value of Subbaraya Mudali Street is Rs 4,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, starting from Rs 435 per sq.ft in 2002 to Rs 4,300 per sq.ft in 2024, reflecting various increases and decreases across different revisions.

What is the land classification for Subbaraya Mudali Street?

Subbaraya Mudali Street is classified as Residential Class II Type - I, indicating its designation for residential use within the area.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it serves the registration needs for Subbaraya Mudali Street.

How is the stamp duty calculated for properties in Subbaraya Mudali Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 43,00,000 would incur a stamp duty of Rs 3,01,000 at 7%.