Guideline Value for SUNDARA MUDALI STREET

Sundara Mudali Street guideline value

The current guideline value of Sundara Mudali Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Sundara Mudali Street has changed

The guideline value for Sundara Mudali Street has undergone several revisions since 2002. The value started at Rs 420 per sq.ft in 2002 and increased to Rs 461 per sq.ft in 2003, marking a 10% rise. Following this, the value rose to Rs 550 per sq.ft in 2007, which was a 19% increase. The next revision in 2012 saw a significant jump to Rs 2,000 per sq.ft, reflecting a 264% increase. However, from 2012 to 2017, the value decreased to Rs 1,340 per sq.ft, a decline of 33%. The most recent revision in 2024 brought the value back up to Rs 2,200 per sq.ft, which is a 64% increase from 2017.

It is important to note that there is no figure available for the year 2023 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 424%.

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, with a median value of Rs 2,700 per sq.ft. Sundara Mudali Street's 2024 guideline value is below this median.

• Sundarapuram: Rs 2,200 per sq.ft (2024)
• Sundarapuram All Streets: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali Main Road: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali Hut Area: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali Cross Street: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali 6th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sundara Mudali Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Sundara Mudali Street?

The Sub Registrar Office that covers Sundara 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 information.

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

The guideline value is a critical factor when buying or selling property in Perambur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during the transaction.

When a property is sold, the guideline value ensures that the government collects the appropriate taxes based on the value of the property, protecting both the buyer and seller in the transaction process.

Frequently asked questions

What is the current guideline value of Sundara Mudali Street?

The current guideline value of Sundara Mudali Street is Rs 2,200 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 420 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 424% over the years.

What is the land classification for Sundara Mudali Street?

Sundara Mudali Street is classified as Residential Class IV Type - I under the current guidelines.

Where can I find the Sub Registrar Office for Sundara Mudali Street?

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

How is stamp duty calculated for properties in Sundara Mudali Street?

Stamp duty for properties in Sundara Mudali Street is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,200 per sq.ft would incur a stamp duty of Rs 1,54,000.