Guideline Value for SUNDARAM MUDALI 1ST STREET

Sundaram Mudali 1st Street guideline value

The current guideline value of Sundaram Mudali 1st 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 Sundaram Mudali 1st Street has changed

The guideline value for Sundaram Mudali 1st Street has undergone several revisions over the years. In 2003, the guideline value was Rs 461 per sq.ft, which increased to Rs 550 per sq.ft in 2007. The value saw a significant jump to Rs 2,000 per sq.ft in 2012, but then decreased to Rs 1,340 per sq.ft in 2017. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a 64% increase from the 2017 figure.

Notably, there are no figures available for the years 2023 and 2002 in the register for this street. The overall change from 2003 to 2024 reflects an increase of 377%, highlighting the fluctuations in the guideline value over the years.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing Sundaram Mudali 1st Street's 2024 figure below that median.

• Sundaram Mudali 2nd Street: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali 3rd Street: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali 4th Street: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali 5th Street: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali 6th Street: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali Cross Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaram Mudali 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total 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, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundaram Mudali 1st Street?

The Sub Registrar Office that covers Sundaram Mudali 1st 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 a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the guideline value is compared with the sale price, and the duty is charged on whichever amount is higher. This ensures that the registration process reflects the current market standards as set by the local authorities.

Frequently asked questions

What is the current guideline value of Sundaram Mudali 1st Street?

The current guideline value of Sundaram Mudali 1st 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 from Rs 461 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 377% over the years.

What is the land classification for Sundaram Mudali 1st Street?

Sundaram Mudali 1st Street is classified as Residential Class IV Type - I.

Where can I find the registration office for Sundaram Mudali 1st Street?

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

How is the stamp duty calculated for properties in Sundaram Mudali 1st Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 22,00,000, leading to a stamp duty of Rs 1,54,000.