Guideline Value for SUNDAR RAJA MUDALI STREET

Sundar Raja Mudali Street guideline value

The current guideline value of Sundar Raja Mudali Street is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Chinnakavanam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sundar Raja Mudali Street has changed

The guideline value for Sundar Raja Mudali Street has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then changed to Rs 134 per sq.ft in the 2017 revision. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 124%, bringing it back to Rs 300 per sq.ft, where it has remained through the 2024 revision.

As of the 2024 revision, the guideline value stands at Rs 300 per sq.ft, which is the same as the 2023 figure. The overall change from the 2012 revision to the current 2024 revision reflects an increase of 50%.

Guideline values in Chinnakavanam

In Chinnakavanam village, 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 a median value of Rs 300 per sq.ft. Sundar Raja Mudali Street's 2024 figure aligns with this median.

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

Stamp duty and registration fee for property in Sundar Raja Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Sundar Raja Mudali Street?

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

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

The guideline value is a critical factor when registering property transactions in Chinnakavanam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the fees reflect the actual value of the transaction.

Frequently asked questions

What is the current guideline value of Sundar Raja Mudali Street?

The current guideline value of Sundar Raja 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 changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023 and has remained the same in 2024.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 3,00,000. The stamp duty at 7% is Rs 21,000, and the registration fee at 2% is Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Sundar Raja Mudali Street?

The Ponneri Sub Registrar Office handles registrations for Sundar Raja Mudali Street, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. The higher value between the guideline value and the sale price is used for calculating these fees.