Guideline Value for Shanmugamudali Street

Shanmugamudali Street guideline value

The current guideline value of Shanmugamudali Street is Rs 1,980 per sq.ft, effective from 1 July 2024. 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 Shanmugamudali Street has changed

The guideline value for Shanmugamudali Street has seen significant changes over the years. In 2003, the value was Rs 271 per sq.ft, which increased to Rs 425 per sq.ft in 2007, marking a 57% rise. By 2017, the value had jumped to Rs 1,206 per sq.ft, reflecting a substantial increase of 184%. The 2023 revision set the value at Rs 1,800 per sq.ft, a 49% increase from the previous revision.

With the latest revision in 2024, the guideline value reached Rs 1,980 per sq.ft, a 10% rise from 2023. Overall, from 2003 to 2024, there has been an impressive increase of 631% in the guideline value for this street. Note that the register has no figures for the years 2002 and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with 2024 guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value is Rs 1,980 per sq.ft, which is equal to the current value of Shanmugamudali Street. Below are some other streets in Anakaputhur:

• Shanmuga Mudali Cross 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 Shanmugamudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost 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. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shanmugamudali Street?

The Sub Registrar Office that covers Shanmugamudali 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 property transactions in Anakaputhur. It determines the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees. Buyers and sellers must consider this value when negotiating the sale price of a property.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Shanmugamudali Street?

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 271 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 631% over the years.

What is the land classification of Shanmugamudali Street?

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

Where can I find the Sub Registrar Office for Shanmugamudali Street?

The Sub Registrar Office for Shanmugamudali Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Anakaputhur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, at the current guideline value of Rs 19,80,000, the stamp duty would be calculated accordingly.