Guideline Value for SUNDARAJAN STREET

Sundarajan Street guideline value

The current guideline value of Sundarajan Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village under the Mylapore SRO, classified as Residential Class I Type - III.

How the guideline value of Sundarajan Street has changed

The guideline value for Sundarajan Street has undergone several revisions over the years. In 2012, the guideline value was Rs 13,000 per sq.ft. This figure decreased to Rs 8,710 per sq.ft in the 2017 revision, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase to Rs 14,300 per sq.ft, which represents a 64% rise from the 2017 figure.

Overall, comparing the 2012 and 2024 revisions, there has been a modest increase of 10% in the guideline value. It is important to note that there are no figures available for Sundarajan Street in the revisions for the years 2002, 2003, 2007, and 2023.

Guideline values in Mylapore

In Mylapore village, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, placing Sundarajan Street's 2024 figure above this median.

• Sundara Gramani Street: Rs 7,100 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 Sundarajan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, bringing the total to Rs 12,87,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundarajan Street?

The Sub Registrar Office that covers Sundarajan 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 is a crucial factor in property transactions in Mylapore. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for tax purposes. Buyers and sellers must consider the guideline value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established values in the guideline register.

Frequently asked questions

What is the current guideline value of Sundarajan Street?

The current guideline value of Sundarajan Street is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 13,000 per sq.ft in 2012 to Rs 8,710 per sq.ft in 2017, then increased to Rs 14,300 per sq.ft in 2024.

What is the land classification of Sundarajan Street?

Sundarajan Street is classified as Residential Class I Type - III under the Mylapore SRO.

Where can I find the Sub Registrar Office for Sundarajan Street?

The Mylapore Sub Registrar Office is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is stamp duty calculated for properties in Sundarajan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 1,43,00,000 would incur a stamp duty of Rs 10,01,000 at a rate of 7%.