Guideline Value for SUGUNA COLONY EXT

Suguna Colony Ext guideline value

The current guideline value of Suguna Colony Ext, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Suguna Colony Ext has changed

The guideline value for Suguna Colony Ext has seen several revisions over the years. In 2012, the guideline value was set at Rs 3,000 per sq.ft, which remained unchanged through the 2023 revision. However, in the 2024 revision, the value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The 2023 revision did not change the value, maintaining it at Rs 3,000 per sq.ft, before the increase in 2024.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Suguna Colony Ext's guideline value of Rs 3,300 per sq.ft is equal to this median.

• Suguna Colony: Rs 3,300 per sq.ft (2024)
• Sudukadu Street: Rs 2,160 per sq.ft (2024)
• Subramaniyar Koil North Street: Rs 3,300 per sq.ft (2024)
• Subramaniyar Koil 2nd Street: Rs 3,300 per sq.ft (2024)
• Subramaniyar Koil 1st Street: Rs 3,300 per sq.ft (2024)
• Subramaniya Nagar: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Suguna Colony Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total fees Rs 2,97,000. Please note that the 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 Suguna Colony Ext?

The Suguna Colony Ext area falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Zaminpallavaram

The guideline value is a crucial factor in property transactions in Zaminpallavaram, 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 the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, understanding the guideline value helps ensure compliance with local regulations and provides clarity on the financial obligations involved in registration. It is essential for both buyers and sellers to be aware of the current guideline values to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Suguna Colony Ext?

The current guideline value of Suguna Colony Ext is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 3,000 per sq.ft from 2012 to 2023. In 2024, it increased to Rs 3,300 per sq.ft, representing a 10% rise from the previous year.

What is the land classification for Suguna Colony Ext?

Suguna Colony Ext is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Suguna Colony Ext?

The Pallavaram Sub Registrar Office covers Suguna Colony Ext and is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur total fees of Rs 2,97,000.