Guideline Value for SUNDARAM MUDALI 5TH STREET

Sundaram Mudali 5th Street guideline value

The current guideline value of Sundaram Mudali 5th 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 5th Street has changed

Over the years, the guideline value of Sundaram Mudali 5th Street has seen several revisions. The earliest recorded figure is from 2003, where it was Rs 461 per sq.ft. This value 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, a substantial increase of +264%. The guideline value remained at Rs 2,000 per sq.ft until the next revision in 2023, which saw it rise to Rs 2,200 per sq.ft, an increase of +10%. The current value reflects an overall increase of +377% from the 2003 figure.

It is important to note that there are no recorded figures for the years 2002 and 2017 for Sundaram Mudali 5th Street. The revisions indicate a steady increase in the guideline value over the years, particularly from 2003 to 2024.

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. The median value for these streets is Rs 2,700 per sq.ft, positioning Sundaram Mudali 5th Street's 2024 guideline value below this median.

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

Stamp duty and registration fee for property in Sundaram Mudali 5th 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 cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundaram Mudali 5th Street?

The Sub Registrar Office that covers Sundaram Mudali 5th 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 crucial factor in the registration process for property transactions in Perambur. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the official rates set by the registration department. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sundaram Mudali 5th Street?

The current guideline value of Sundaram Mudali 5th 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 this period.

What are the stamp duty and registration fees for properties 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.

Which Sub Registrar Office handles transactions for Sundaram Mudali 5th Street?

The Purasaivakkam Sub Registrar Office handles transactions for Sundaram Mudali 5th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft, with Sundaram Mudali 5th Street's value being below this median.