Guideline Value for SUNDARA KRAMANI THOTTAM

Sundara Kramani Thottam guideline value

The current guideline value of Sundara Kramani Thottam is Rs 7,100 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class IV Type - III.

How the guideline value of Sundara Kramani Thottam has changed

The guideline value for Sundara Kramani Thottam has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 6,500 per sq.ft. The most recent revision in 2024 increased this value to Rs 7,100 per sq.ft, marking a change of +9% from the 2012 figure.

It is important to note that the register has no figures for this street in the years 2023, 2017, 2007, 2003, and 2002. Therefore, the only revisions that reflect a guideline value are from 2012 and 2024.

Guideline values in Mylapore

Mylapore has a total of 883 streets under the Mylapore SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Sundara Kramani Thottam's 2024 figure below this median.

• Sundarajan Street: Rs 14,300 per sq.ft (2024)
• Sundara Gramani Street: 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 Kramani Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty, charged at 7%, would amount to Rs 4,97,000, while the registration fee at 2% would be Rs 1,42,000. Together, the total cost for these fees would be Rs 6,39,000. Duty is charged on the guideline value or the sale price, whichever is higher.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundara Kramani Thottam?

The Sub Registrar Office that covers Sundara Kramani Thottam 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 details.

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

The guideline value is a crucial factor during property registration in Mylapore. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the value of the property in the context of the local real estate market. It is essential for both parties to be aware of this value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Sundara Kramani Thottam?

The current guideline value of Sundara Kramani Thottam 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 figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification for Sundara Kramani Thottam?

Sundara Kramani Thottam is classified as Residential Class IV Type - III. This classification is important for understanding the type of development allowed in the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 6,39,000.

Where is the Mylapore Sub Registrar Office located?

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