Guideline Value for SUDHARMA

Sudharma guideline value

The current guideline value of Sudharma, located in Pozhichalur village under the Pammal SRO, is Rs 1,100 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Sudharma has changed

The guideline value for Sudharma has seen several revisions over the years. The earliest recorded figure is from 2017, where the value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft, placing Sudharma's 2024 figure below this median.

• Subramani Street Divyadas Nagar: Rs 1,100 per sq.ft (2024)
• Subam Avenue: Rs 1,320 per sq.ft (2024)
• Stalin Street (12): Rs 1,100 per sq.ft (2024)
• Stalin Street (10): Rs 1,100 per sq.ft (2024)
• Thamarai Street: Rs 1,100 per sq.ft (2024)
• Thandumariyamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sudharma

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, leading to a total cost of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sudharma?

The Sub Registrar Office that covers Sudharma is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pozhichalur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly affects the stamp duty and registration fees payable at the time of registration.

When a property is sold, the registration office will use the guideline value to calculate the applicable fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sudharma?

The current guideline value of Sudharma is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty rate for properties in Sudharma?

The stamp duty rate for properties in Sudharma is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sudharma?

The Sub Registrar Office for Sudharma is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value for properties, which impacts the stamp duty and registration fees during a transaction. It ensures that property transactions are recorded accurately in compliance with local regulations.