Guideline Value for THIRUVENGADAM MUDALI STREET

Thiruvengadam Mudali Street guideline value

The current guideline value of Thiruvengadam Mudali Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Thiruvengadam Mudali Street has changed

The guideline value for Thiruvengadam Mudali Street has seen significant changes over the years. Starting from Rs 509 per sq.ft in 2002, it increased to Rs 558 per sq.ft in 2003, marking a change of +10%. The value then rose to Rs 600 per sq.ft in 2007, an increase of +8%. By 2012, the guideline value remained at Rs 3,500 per sq.ft, showing no change from the previous revision. The most recent revisions have seen the value rise to Rs 3,500 per sq.ft in 2023 and then to Rs 3,800 per sq.ft in 2024, reflecting a change of +9%.

It is important to note that there is no figure available for Thiruvengadam Mudali Street for the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by +647%.

Guideline values in Perambur

In Perambur, there are 1,114 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. Thiruvengadam Mudali Street's current value of Rs 3,800 per sq.ft is above this median.

• Thiruvengadam 2nd Street: Rs 2,700 per sq.ft (2024)
• Thiruvengadam 1st Street: Rs 2,700 per sq.ft (2024)
• Thiruvengadam Sami Street: Rs 3,800 per sq.ft (2024)
• Thiruvengadapuram: Rs 2,200 per sq.ft (2024)
• Thiruvalluvar Road: Rs 2,700 per sq.ft (2024)
• Thiruvalluvarpuram (A) Sri Valluvarpuram: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvengadam Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Thiruvengadam Mudali Street?

The Sub Registrar Office that covers Thiruvengadam Mudali Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Perambur, as it determines the minimum price at which a property can be registered. Buyers should be aware that this value is used to calculate stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When selling property, the guideline value ensures that the transaction is recorded at a fair price according to government regulations. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Thiruvengadam Mudali Street?

The current guideline value of Thiruvengadam Mudali Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 509 per sq.ft to Rs 3,800 per sq.ft in 2024, marking an overall increase of +647%.

What is the purpose of the guideline value?

The guideline value serves as the minimum price for property registration, ensuring that transactions are recorded at a fair price according to government regulations.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value.

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

The Purasaivakkam Sub Registrar Office covers Thiruvengadam Mudali Street and is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.