Guideline Value for SUMATHI AMMAL NAGAR

Sumathi Ammal Nagar guideline value

The current guideline value of Sumathi Ammal Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Kunnavakkam village under the Walajabad Sub Registrar Office (SRO) and is classified as Residential Class I Type - II.

How the guideline value of Sumathi Ammal Nagar has changed

Over the years, the guideline value for Sumathi Ammal Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision recorded a lower value of Rs 134 per sq.ft, marking a decrease of 33% from the previous 2012 figure. The 2024 revision maintains the value at Rs 200 per sq.ft, resulting in no change from the 2023 revision, while showing a significant increase of 49% from the 2017 revision.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has remained constant at Rs 200 per sq.ft.

Guideline values in Kunnavakkam

In Kunnavakkam, five streets under the Walajabad SRO have a 2024 guideline value ranging from Rs 126 to Rs 300 per sq.ft, with a median value of Rs 150 per sq.ft. Sumathi Ammal Nagar's guideline value is above this median.

• Sri Raghava Nagar: Rs 150 per sq.ft (2024)
• Sri Munuswamy Nagar: Rs 126 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 300 per sq.ft (2024)
• Kalyan Real Estate Little Forms: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sumathi Ammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000. It is important to note that the 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 Sumathi Ammal Nagar?

The Sub Registrar Office that covers Sumathi Ammal Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kunnavakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. Therefore, understanding the current guideline value is essential for both buyers and sellers to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sumathi Ammal Nagar?

The current guideline value of Sumathi Ammal Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a dip to Rs 134 per sq.ft in 2017. It returned to Rs 200 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification of Sumathi Ammal Nagar?

Sumathi Ammal Nagar is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Sumathi Ammal Nagar?

The Sub Registrar Office for Sumathi Ammal Nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the stamp duty calculated in Sumathi Ammal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at a rate of 7%.