Guideline Value for SUNDARAM MUDALI 3RD STREET

Sundaram Mudali 3rd Street guideline value

The current guideline value of Sundaram Mudali 3rd 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 3rd Street has changed

The guideline value for Sundaram Mudali 3rd Street has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 461 per sq.ft. This increased significantly to Rs 550 per sq.ft in 2007, marking a change of 19%. The value then saw a substantial rise to Rs 2,000 per sq.ft in 2012, which represented a remarkable increase of 264%. The value remained unchanged at Rs 2,000 per sq.ft during the 2023 revision.

In the latest 2024 revision, the guideline value increased to Rs 2,200 per sq.ft, reflecting a 10% rise from the previous year. Overall, from 2003 to 2024, the guideline value has increased by 377%. It is important to note that there are no figures available for the years 2002 and 2017 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values 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 3rd Street's 2024 figure below that median.

• Sundaram Mudali 1st Street: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali 2nd 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 3rd 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, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, these fees would total 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundaram Mudali 3rd Street?

The Sub Registrar Office covering Sundaram Mudali 3rd 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 during the registration of property transactions in Perambur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sundaram Mudali 3rd Street?

The current guideline value of Sundaram Mudali 3rd 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, with significant increases noted in various revisions.

What are the other streets in Perambur with the same guideline value?

Other streets in Perambur with the same 2024 guideline value of Rs 2,200 per sq.ft include Sundaram Mudali 1st Street, 2nd Street, 4th Street, 5th Street, 6th Street, and Sundaram Mudali Cross Street.

Where can I find the Purasaivakkam Sub Registrar Office?

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

How is the stamp duty calculated for properties in Sundaram Mudali 3rd Street?

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