Guideline Value for SULAI ATHIMULAM STREET

Sulai Athimulam Street guideline value

The current guideline value of Sulai Athimulam Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sulai Athimulam Street has changed

The guideline value for Sulai Athimulam Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, but saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Sulai Athimulam Street is below this median.

• Sundaramurthy Vinayagar Kovil Street: Rs 2,200 per sq.ft (2024)
• Sundaravinayagar Kovil Street: Rs 2,200 per sq.ft (2024)
• Sunnambukarath Street: Rs 2,200 per sq.ft (2024)
• Syed Yaguf Street: Rs 2,200 per sq.ft (2024)
• T.B.Salai Ward-4: Rs 2,750 per sq.ft (2024)
• Thattan Malai Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sulai Athimulam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, leading to a total of Rs 1,48,500. 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 Sulai Athimulam Street?

The Sub Registrar Office that covers Sulai Athimulam Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Chengalpattu Natham

The guideline value is a crucial factor in property transactions in Chengalpattu Natham. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property, which is essential for legal and financial processes. It is important to be aware of these values to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Sulai Athimulam Street?

The current guideline value of Sulai Athimulam Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 10% from 2012 to 2024.

What were the previous revisions of the guideline value?

The revisions are as follows: Rs 1,500 per sq.ft in 2012, Rs 1,005 per sq.ft in 2017, and Rs 1,500 per sq.ft in 2023, before reaching Rs 1,650 per sq.ft in 2024.

What is the stamp duty for properties in Sulai Athimulam Street?

The stamp duty for properties in Sulai Athimulam Street is 7% of the guideline value. For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.

Where can I find the Sub Registrar Office for Sulai Athimulam Street?

The Sub Registrar Office for Sulai Athimulam Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.