Guideline Value for SUDUKADU CHELLUM PATHAI

Sudukadu Chellum Pathai guideline value

The current guideline value of Sudukadu Chellum Pathai is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Chinnakavanam village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sudukadu Chellum Pathai has changed

The guideline value for Sudukadu Chellum Pathai has undergone several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 300 per sq.ft in both the 2023 and 2024 revisions, reflecting a total increase of 124% from 2017 to 2023 and an overall increase of 50% from 2012 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 regarding this street. The 2024 revision marks a stable guideline value, showing no change from the previous year.

Guideline values in Chinnakavanam

In Chinnakavanam village, there are 28 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is the same as the guideline value for Sudukadu Chellum Pathai.

• Sundar Raja Mudali Street: Rs 300 per sq.ft (2024)
• Thalleri Palayam Street: Rs 300 per sq.ft (2024)
• Sri Sai Aanand Garden: Rs 300 per sq.ft (2024)
• Sri Kari Krishna Perumal Nagar: Rs 300 per sq.ft (2024)
• Sivan Kovil Street: Rs 300 per sq.ft (2024)
• Sivan Kovil Madaveethi: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudukadu Chellum Pathai

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, resulting in a total of Rs 27,000. It is important to note that stamp 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 Sudukadu Chellum Pathai?

The Sub Registrar Office that covers Sudukadu Chellum Pathai is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Chinnakavanam. It serves as the basis for calculating the stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property transaction occurs, the guideline value is considered to determine the applicable fees. Buyers and sellers must be aware of this value to budget for the total costs associated with the transaction accurately.

Frequently asked questions

What is the current guideline value of Sudukadu Chellum Pathai?

The current guideline value of Sudukadu Chellum Pathai is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, then increased to Rs 300 per sq.ft in both 2023 and 2024.

What is the stamp duty rate for properties in Sudukadu Chellum Pathai?

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

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What other streets have the same guideline value in Chinnakavanam?

Other streets in Chinnakavanam that have the same guideline value of Rs 300 per sq.ft include Sundar Raja Mudali Street, Thalleri Palayam Street, Sri Sai Aanand Garden, Sri Kari Krishna Perumal Nagar, Sivan Kovil Street, and Sivan Kovil Madaveethi.