Guideline Value for M/S SUEL INDIA MARKETING CO

M/S Suel India Marketing Co guideline value

The current guideline value for M/S Suel India Marketing Co is Rs 2,800 per sq.ft, effective from 1 July 2024. This property is located in Chemmancheri village under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of M/S Suel India Marketing Co has changed

The guideline value for M/S Suel India Marketing Co has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then to Rs 2,800 per sq.ft in 2024, marking a 12% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 12%. The changes between the revisions are as follows: from 2017 to 2023, there was a notable increase of 49%, while the decrease from 2012 to 2017 was 33%. The register has no figure for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing M/S Suel India Marketing Co's 2024 guideline value above this median.

• M/S Santhiya Garden: Rs 3,300 per sq.ft (2024)
• Mumthaj Garden: Rs 1,800 per sq.ft (2024)
• Munsif Sundaram Avenue: Rs 4,900 per sq.ft (2024)
• Mohan Garden: Rs 1,000 per sq.ft (2024)
• Michael Garden: Rs 3,300 per sq.ft (2024)
• M.G.R.Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in M/S Suel India Marketing Co

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers M/S Suel India Marketing Co?

The M/S Suel India Marketing Co is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Chemmancheri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the transaction is in line with the prevailing market conditions. Buyers and sellers should be aware of the guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value for M/S Suel India Marketing Co?

The current guideline value for M/S Suel India Marketing Co is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for M/S Suel India Marketing Co?

M/S Suel India Marketing Co is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for this property?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,52,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.