Guideline Value for SUDHANTHIRAPURAM

Sudhanthirapuram guideline value

The current guideline value of Sudhanthirapuram is Rs 2,150 per sq.ft, effective from 1 July 2024. This village falls under the Thiruvottiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Sudhanthirapuram has changed

In the 2007 revision, the guideline value was Rs 400 per sq.ft. This figure saw a significant increase in the 2012 revision, rising to Rs 2,000 per sq.ft, which is a 400% increase. However, in the 2017 revision, the value dropped to Rs 1,340 per sq.ft, marking a decrease of 33%. The 2023 revision recorded a guideline value of Rs 2,000 per sq.ft, followed by an increase to Rs 2,150 per sq.ft in the 2024 revision, which is an 8% rise. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 438%. The changes reflect the fluctuations in the property values over the years, with the most notable increases occurring between 2007 and 2012, and again from 2017 to 2024.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Sudhanthirapuram is below this median.

• Subramaniyam Nagar: Rs 1,500 per sq.ft (2024)
• State Bank Of Colony: Rs 2,800 per sq.ft (2024)
• Teachers Nagar: Rs 1,500 per sq.ft (2024)
• Thilagar Nagar: Rs 1,900 per sq.ft (2024)
• Srinivasa Anvenue: Rs 2,800 per sq.ft (2024)
• Thiruchinaguppam Road: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sudhanthirapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,150 per sq.ft, the total guideline value would be Rs 21,50,000. The stamp duty at 7% would be Rs 1,50,500, and the registration fee at 2% would be Rs 43,000, making the total cost Rs 1,93,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sudhanthirapuram?

The Sub Registrar Office that covers Sudhanthirapuram is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor during property transactions in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with the registration requirements.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sudhanthirapuram?

The current guideline value of Sudhanthirapuram is Rs 2,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 400 per sq.ft in 2007 to Rs 2,150 per sq.ft in 2024, reflecting an overall increase of 438% over the years.

What is the land classification of Sudhanthirapuram?

Sudhanthirapuram is classified as Residential Class I Type - II, indicating its designation for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Sudhanthirapuram is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.