Guideline Value for SUNDARAM MUDALI HUT AREA

Sundaram Mudali Hut Area guideline value

The current guideline value for Sundaram Mudali Hut Area is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sundaram Mudali Hut Area has changed

Over the years, the guideline value for Sundaram Mudali Hut Area has seen significant changes. The earliest recorded revision was in 2002, with a value of Rs 382 per sq.ft. This increased to Rs 419 per sq.ft in 2003, marking a 10% rise. The value then rose to Rs 550 per sq.ft in 2007, reflecting a 31% increase from the previous revision. However, the most substantial change occurred between 2007 and 2023, where the guideline value jumped to Rs 2,000 per sq.ft, a remarkable 264% increase. The register has no figure for the years 2012 and 2017.

In 2024, the guideline value further increased to Rs 2,200 per sq.ft, showing a 10% rise from the 2023 figure. Overall, from 2002 to 2024, the guideline value has increased by 476%, highlighting the significant growth in this area over the years.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Sundaram Mudali Hut Area is below this median.

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

Stamp duty and registration fee for property in Sundaram Mudali Hut Area

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 higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundaram Mudali Hut Area?

The Sundaram Mudali Hut Area is covered by 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 when buying or selling property in Perambur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. The guideline value is set by the government and is updated periodically to reflect changes in the real estate market.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, while also providing a clear framework for buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value for Sundaram Mudali Hut Area?

The current guideline value for Sundaram Mudali Hut Area is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 382 per sq.ft to Rs 2,200 per sq.ft in 2024, marking an overall increase of 476%.

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

Other streets in Perambur that share the same guideline value of Rs 2,200 per sq.ft include Sundaram Mudali Cross Street, Sundaram Mudali Main Road, Sundaram Mudali 6th Street, Sundaram Mudali 5th Street, Sundaram Mudali 4th Street, and Sundaram Mudali 3rd 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. This office handles the registration of properties in the Sundaram Mudali Hut Area.

How is stamp duty calculated in Sundaram Mudali Hut Area?

Stamp duty in Sundaram Mudali Hut Area is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.