Guideline Value for Shanmuga Mudali Cross Street

Shanmuga Mudali Cross Street guideline value

The current guideline value of Shanmuga Mudali Cross Street is Rs 1,980 per sq.ft. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Shanmuga Mudali Cross Street has changed

The guideline value for Shanmuga Mudali Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2017, with a guideline value of Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no recorded figures for this street in the revisions from the years 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which is equal to the current value of Shanmuga Mudali Cross Street.

• Shanmugamudali Street: Rs 1,980 per sq.ft (2024)
• Shanthi Nagar: Rs 1,760 per sq.ft (2024)
• Sathyanarayanan Street: Rs 1,320 per sq.ft (2024)
• Sathaya Nagar: Rs 1,760 per sq.ft (2024)
• Sasthri Street: Rs 2,350 per sq.ft (2024)
• Santhi Nagar VIth Lane: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Shanmuga Mudali Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. 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 Shanmuga Mudali Cross Street?

The Sub Registrar Office that covers Shanmuga Mudali Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

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

Frequently asked questions

What is the current guideline value of Shanmuga Mudali Cross Street?

The current guideline value of Shanmuga Mudali Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Shanmuga Mudali Cross Street?

Shanmuga Mudali Cross Street is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Shanmuga Mudali Cross Street?

The Sub Registrar Office for Shanmuga Mudali Cross Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value, a 1,000 sq.ft plot would incur a total fee of Rs 1,78,200.