Guideline Value for SUNDARAM MUDALI 4TH STREET

Sundaram Mudali 4th Street guideline value

The current guideline value of Sundaram Mudali 4th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sundaram Mudali 4th Street has changed

Over the years, the guideline value of Sundaram Mudali 4th Street has seen significant changes. The earliest recorded figure is from 2003, which was Rs 461 per sq.ft. This increased to Rs 550 per sq.ft in 2007, marking a change of +19%. By 2012, the guideline value rose dramatically to Rs 2,000 per sq.ft, reflecting a substantial increase of +264%. The value remained unchanged at Rs 2,000 per sq.ft until the 2023 revision, which brought it to Rs 2,200 per sq.ft, resulting in a +10% increase. The current guideline value represents an overall increase of +377% from the 2003 figure.

It is important to note that there are no figures available for the revisions in 2002 and 2017 for this street.

Guideline values in Perambur

In Perambur, the guideline values vary significantly, with 1,114 streets under the Purasaivakkam SRO carrying a 2024 figure 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 4th Street's 2024 figure below this 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 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 4th 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 to 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 4th Street?

The Sub Registrar Office that covers Sundaram Mudali 4th 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 for property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sundaram Mudali 4th Street?

The current guideline value of Sundaram Mudali 4th 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, showing an overall increase of +377% over the years.

What is the land classification for Sundaram Mudali 4th Street?

Sundaram Mudali 4th Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in this area?

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.

Where is the Sub Registrar Office for Sundaram Mudali 4th Street located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it covers Sundaram Mudali 4th Street.