Guideline Value for VEDACHALA MUDALI STREET

Vedachala Mudali Street guideline value

The current guideline value of Vedachala Mudali Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Vedachala Mudali Street has changed

The guideline value for Vedachala Mudali Street has seen several revisions over the years. In 2002, the value was Rs 426 per sq.ft, which increased to Rs 467 per sq.ft in 2003, marking a 10% rise. By 2007, the value surged to Rs 600 per sq.ft, reflecting a 28% increase. The 2012 revision brought the value to Rs 3,000 per sq.ft, a significant jump of 400% from the previous figure. However, in 2017, the value decreased to Rs 2,010 per sq.ft, showing a decline of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 3,200 per sq.ft, representing a 7% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 651%. There are no other years with figures recorded for this street in the register.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, placing Vedachala Mudali Street's 2024 figure above this median.

• Vasugi Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Vasugi Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Vasugi Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Vasugi Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Vasugi Nagar 3rd Street: Rs 2,200 per sq.ft (2024)
• Vasugi Nagar 2nd Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Vedachala Mudali Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value amounts to Rs 32,00,000. The stamp duty at 7% would be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, resulting in a total of Rs 2,88,000. 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 Vedachala Mudali Street?

The Sub Registrar Office that covers Vedachala 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 information.

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

The guideline value is a crucial factor in property transactions in Perambur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the registration process.

Frequently asked questions

What is the current guideline value of Vedachala Mudali Street?

The current guideline value of Vedachala Mudali Street is Rs 3,200 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 426 per sq.ft in 2002 to Rs 3,200 per sq.ft in 2024, showing an overall increase of 651% over the years.

What is the land classification for Vedachala Mudali Street?

Vedachala Mudali Street falls under the Residential Class III Type - I land classification.

What are the stamp duty and registration fees for property in Vedachala Mudali Street?

For a property valued at Rs 32,00,000, the stamp duty would be Rs 2,24,000, and the registration fee would be Rs 64,000, totaling Rs 2,88,000.

Where is the Sub Registrar Office for Vedachala Mudali Street located?

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