Guideline Value for STERLING SUNDARA PANDIAM

Sterling Sundara Pandiam guideline value

The current guideline value of Sterling Sundara Pandiam is Rs 602 per sq.ft, effective from 1 July 2024. This property is located in Kattoor village, under the Thiruporur SRO, and is classified as Mixed Type - I land.

How the guideline value of Sterling Sundara Pandiam has changed

The guideline value for Sterling Sundara Pandiam has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. Following that, the 2023 revision brought it back up to Rs 600 per sq.ft, and the most recent 2024 revision increased it slightly to Rs 602 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has remained stable, showing no net change.

Guideline values in Kattoor

Kattoor village has 22 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,493 per sq.ft. The median value for these streets is Rs 749 per sq.ft, placing Sterling Sundara Pandiam's 2024 figure below that median.

• Sri Uthira Vaidhiya Lingeswarar Nagar: Rs 600 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 250 per sq.ft (2024)
• Sri Arumugam Nagar: Rs 602 per sq.ft (2024)
• Sowndharya Avenue: Rs 300 per sq.ft (2024)
• V.G.P Gold Chip: Rs 1,269 per sq.ft (2024)
• Villa Avenue: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sterling Sundara Pandiam

For a 1,000 sq.ft plot at the current guideline value of Rs 602 per sq.ft, the total guideline value amounts to Rs 6,02,000. The stamp duty at 7% would be Rs 42,140, and the registration fee at 2% would be Rs 12,040, bringing the total fees to Rs 54,180. It is important to note that 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 details.

Which Sub Registrar Office covers Sterling Sundara Pandiam?

The Sterling Sundara Pandiam property falls under the jurisdiction of the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kattoor, as it determines the minimum value at which properties 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 all transactions.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during registration. The guideline value can affect the overall cost of the transaction, impacting how much buyers need to budget for stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Sterling Sundara Pandiam?

The current guideline value of Sterling Sundara Pandiam is Rs 602 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 602 per sq.ft in 2024.

What is the land classification of Sterling Sundara Pandiam?

Sterling Sundara Pandiam is classified as Mixed Type - I land according to the local land classification guidelines.

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

For a property valued at Rs 6,02,000, the stamp duty would be Rs 42,140, and the registration fee would be Rs 12,040, totaling Rs 54,180.

Where can I find the Sub Registrar Office for Sterling Sundara Pandiam?

The Sub Registrar Office covering Sterling Sundara Pandiam is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.