Guideline Value for SUGUNA COLONY

Suguna Colony guideline value

The current guideline value of Suguna Colony, located in Kilkattalai village under the Pallavaram SRO, is Rs 2,200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - III land classification.

How the guideline value of Suguna Colony has changed

The guideline value for Suguna Colony has seen several revisions over the years. In 2012, the value was set at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. However, this value increased significantly to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase from the 2017 figure. The most recent revision in 2024 raised the guideline value to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for Suguna Colony in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft as of 2024. The median guideline value in this area is Rs 2,530 per sq.ft, placing Suguna Colony's 2024 figure below the median.

• Sudukadu Street: Rs 2,530 per sq.ft (2024)
• Subramaniya Nagar: Rs 2,530 per sq.ft (2024)
• S.R.V.S. Colony Extn: Rs 3,300 per sq.ft (2024)
• S.R.V.S. Colony: Rs 3,300 per sq.ft (2024)
• Thenmozhi Nagar: Rs 2,530 per sq.ft (2024)
• Thenmozhi Nagar 1 To 5 Streets: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Suguna Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Suguna Colony?

The Sub Registrar Office that covers Suguna Colony is 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Kilkattalai, as it determines the minimum value at which a property can be registered. This value affects the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value serves as a benchmark for pricing, ensuring that transactions are conducted fairly according to the official rates set by the Registration Department. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Suguna Colony?

The current guideline value of Suguna Colony is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Suguna Colony?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Suguna Colony?

The Pallavaram Sub Registrar Office handles registrations for Suguna Colony, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the guideline value determined for properties in Kilkattalai?

The guideline value is determined by the Registration Department and reflects the official rates for property transactions in the area. It is used to calculate the stamp duty and registration fees during property registration.