Guideline Value for SUBRAMANIYA MUDALI STREET

Subramaniya Mudali Street guideline value

The current guideline value of Subramaniya Mudali Street is Rs 4,900 per sq.ft. 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 Subramaniya Mudali Street has changed

The guideline value for Subramaniya Mudali Street has seen several revisions over the years. In 2003, the value was Rs 609 per sq.ft, which increased to Rs 700 per sq.ft in 2007. Following this, there was a significant rise to Rs 4,500 per sq.ft in 2012. However, the value dropped to Rs 3,015 per sq.ft in 2017. The most recent revision in 2024 set the value at Rs 4,900 per sq.ft, marking a 63% increase from the 2017 figure.

Overall, from 2003 to 2024, the guideline value has increased by 705%. It is important to note that there are no figures available for the years 2023 and 2002 in the register for this street.

Guideline values in Perambur

In Perambur, there are a total of 1114 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 of these streets is Rs 2,700 per sq.ft, indicating that Subramaniya Mudali Street's 2024 figure is above this median.

• Subramaniyam Street / Road: Rs 4,900 per sq.ft (2024)
• Subramaniya Iyer Street: Rs 4,900 per sq.ft (2024)
• Subramaniya Chetty Street: Rs 4,900 per sq.ft (2024)
• Subramaniya Barathi Street: Rs 4,900 per sq.ft (2024)
• Subramaniya Barathi Main Road: Rs 4,900 per sq.ft (2024)
• Subramaniya Barathi Cross Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Subramaniya Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total 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, bringing the total cost for these fees to Rs 4,41,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Subramaniya Mudali Street?

The Sub Registrar Office that covers Subramaniya Mudali Street is 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 is an essential factor when registering a property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly within the legal framework. It provides a standardized value that is used by the registration authorities to calculate the necessary fees involved in the property transfer.

Frequently asked questions

What is the current guideline value of Subramaniya Mudali Street?

The current guideline value of Subramaniya Mudali 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 609 per sq.ft in 2003 to Rs 4,900 per sq.ft in 2024, reflecting an overall increase of 705% over this period.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000 in fees.

Which office handles the registration for Subramaniya Mudali Street?

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

Are there other streets with the same guideline value in Perambur?

Yes, several other streets in Perambur also have the same guideline value of Rs 4,900 per sq.ft for 2024, including Subramaniyam Street, Subramaniya Iyer Street, Subramaniya Chetty Street, Subramaniya Barathi Street, and Subramaniya Barathi Main Road.