Guideline Value for Soma Sundaram Mudali Ist Street, Chennai 82

Soma Sundaram Mudali Ist Street, Chennai 82 guideline value

The current guideline value of Soma Sundaram Mudali Ist Street, Chennai 82 is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Soma Sundaram Mudali Ist Street, Chennai 82 has changed

Over the years, the guideline value of Soma Sundaram Mudali Ist Street has seen several revisions. The earliest recorded figure is from 2007, which was Rs 2,400 per sq.ft. This value increased significantly to Rs 5,000 per sq.ft in 2012, marking a rise of 108%. However, it then decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. From 2017 to 2023, the value surged to Rs 5,000 per sq.ft, reflecting a substantial increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 5,500 per sq.ft, which is a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 129%.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for the area is Rs 4,900 per sq.ft, placing the 2024 value of Soma Sundaram Mudali Ist Street above this median.

• Soma Sundaram Mudali 2nd Street, Chennai 82: Rs 5,500 per sq.ft (2024)
• Somasundara Devar Ist Street: Rs 5,500 per sq.ft (2024)
• Somasundara Devar 6th Street: Rs 5,500 per sq.ft (2024)
• Somasundara Devar 5th Street: Rs 5,500 per sq.ft (2024)
• Somasundara Devar 4th Street: Rs 5,500 per sq.ft (2024)
• Somasundara Devar 3rd Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Soma Sundaram Mudali Ist Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000. Together, the total cost would be Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Soma Sundaram Mudali Ist Street, Chennai 82?

The Sub Registrar Office that covers Soma Sundaram Mudali Ist Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. For more information, you can find your SRO.

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

The guideline value is a crucial reference point during the registration of property transactions in Ayanavaram. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable charges. Buyers should be aware that the stamp duty and registration fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Soma Sundaram Mudali Ist Street?

The current guideline value of Soma Sundaram Mudali Ist Street, Chennai 82 is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,400 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, showing an overall increase of 129% over the years.

What is the land classification for Soma Sundaram Mudali Ist Street?

The land classification for Soma Sundaram Mudali Ist Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Soma Sundaram Mudali Ist Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 55,00,000, the total stamp duty and registration fees would be Rs 4,95,000.