Guideline Value for SUNDARA GRAMANI STREET

Sundara Gramani Street guideline value

The current guideline value of Sundara Gramani Street is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Sundara Gramani Street has changed

The guideline value for Sundara Gramani Street has seen revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 6,500 per sq.ft. This value increased to Rs 7,100 per sq.ft in the 2024 revision, marking a change of +9% from the previous figure.

There are no recorded figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only changes noted are from the 2012 revision to the 2024 revision.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft, with a median value of Rs 8,800 per sq.ft. Sundara Gramani Street's 2024 figure of Rs 7,100 per sq.ft is below this median.

• Sundarajan Street: Rs 14,300 per sq.ft (2024)
• Sundara Kramani Thottam: Rs 7,100 per sq.ft (2024)
• Sullivan Street: Rs 7,700 per sq.ft (2024)
• Sudukadu Hut Area: Rs 3,300 per sq.ft (2024)
• Sudhanthira Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Sudhanthira Nagar 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sundara Gramani Street

For a 1,000 sq.ft plot at the current rate of Rs 7,100 per sq.ft, the guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, making the total Rs 6,39,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundara Gramani Street?

The Sub Registrar Office that covers Sundara Gramani Street is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Mylapore. It is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions. The guideline value is set by the Registration Department and reflects the government’s assessment of property values in the area.

When registering a property, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions, which is essential for local development and infrastructure.

Frequently asked questions

What is the current guideline value of Sundara Gramani Street?

The current guideline value of Sundara Gramani Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 6,500 per sq.ft in 2012 to Rs 7,100 per sq.ft in 2024, reflecting a +9% increase. There are no recorded figures for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Sundara Gramani Street?

The land classification for Sundara Gramani Street is Residential Class IV Type - III. This classification indicates the type of development allowed in the area.

How is stamp duty calculated for property in Sundara Gramani Street?

Stamp duty for property in Sundara Gramani Street is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 4,97,000 at the current guideline value.

Where is the Sub Registrar Office for Sundara Gramani Street located?

The Sub Registrar Office for Sundara Gramani Street is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. This office handles all property registrations in the area.