Guideline Value for SUNDARAM MUDALI 2ND STREET

Sundaram Mudali 2nd Street guideline value

The current guideline value of Sundaram Mudali 2nd 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 2nd Street has changed

The guideline value for Sundaram Mudali 2nd Street has undergone several revisions over the years. Starting from Rs 461 per sq.ft in 2003, it increased to Rs 550 per sq.ft in 2007, marking a change of +19%. By 2012, the value rose significantly to Rs 2,000 per sq.ft, reflecting an increase of +264%. The value remained unchanged at Rs 2,000 per sq.ft until the 2023 revision, which set it at Rs 2,000 per sq.ft again. The most recent revision in 2024 saw a further increase to Rs 2,200 per sq.ft, a change of +10% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2017 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by +377%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a guideline value for 2024, 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 Sundaram Mudali 2nd Street's 2024 figure below that median.

• Sundaram Mudali 1st 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 2nd 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. Together, these fees total Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundaram Mudali 2nd Street?

The Sub Registrar Office that covers Sundaram Mudali 2nd 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 plays a crucial role in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the registration fees and stamp duty are calculated based on this guideline value or the actual sale price, whichever is higher.

Understanding the guideline value is essential for potential buyers and sellers in Perambur, as it influences the overall cost involved in property transactions. It is advisable to consult the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Sundaram Mudali 2nd Street?

The current guideline value of Sundaram Mudali 2nd 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 increased from Rs 461 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +377% over that period.

What are the registration fees for property in Sundaram Mudali 2nd Street?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers this street?

The Purasaivakkam Sub Registrar Office covers Sundaram Mudali 2nd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

Where can I find more information about guideline values?

For more information about guideline values in Tamil Nadu, you can refer to the Registration Department's guideline value register or consult the relevant SRO.