Guideline Value for Sanmugam Mudali Street

Sanmugam Mudali Street guideline value

The current guideline value of Sanmugam Mudali Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sanmugam Mudali Street has changed

The guideline value for Sanmugam Mudali Street has seen several revisions over the years. In 2012, the value was Rs 3,700 per sq.ft, which then decreased to Rs 2,479 per sq.ft in 2017. Following this, the value significantly increased to Rs 3,700 per sq.ft in 2023, and then rose again to the current rate of Rs 4,000 per sq.ft in 2024, marking an increase of 8% from the previous year.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 figure to the current 2024 value, there has been an increase of 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of Sanmugam Mudali Street is above this median.

• Santhi Street: Rs 3,600 per sq.ft (2024)
• Sangam Street: Rs 4,600 per sq.ft (2024)
• Samtharia Nagar: Rs 3,600 per sq.ft (2024)
• Sarangapani Street: Rs 4,600 per sq.ft (2024)
• Samayapurathamman Koil 1st Street (Thiruvalluvar Nagar): Rs 1,900 per sq.ft (2024)
• Samayapurathammal Koil 2nd st.(TVR ngr.): Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sanmugam Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, making the total cost Rs 3,60,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sanmugam Mudali Street?

The Sub Registrar Office that covers Sanmugam Mudali Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Ambattur

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value set by the government.

When a property is sold, the guideline value helps in assessing the transaction's legitimacy and ensures that the appropriate taxes are paid. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sanmugam Mudali Street?

The current guideline value of Sanmugam Mudali Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024. This shows significant fluctuations in value over the years.

What is the land classification for Sanmugam Mudali Street?

Sanmugam Mudali Street is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for properties in Sanmugam Mudali Street?

For a property valued at Rs 4,000 per sq.ft, the stamp duty would be Rs 2,80,000, and the registration fee would be Rs 80,000 for a 1,000 sq.ft plot, totaling Rs 3,60,000.

Which office handles registrations for Sanmugam Mudali Street?

The Ambattur Sub Registrar Office handles registrations for Sanmugam Mudali Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.