Guideline Value for SUNDARAM AVENUE

Sundaram Avenue guideline value

The current guideline value of Sundaram Avenue is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Kattavoor village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sundaram Avenue has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. Following this, the value increased significantly to Rs 100 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained the same, showing a change of 0%.

Guideline values in Kattavoor

In Kattavoor village, five streets under the Ponneri SRO have a guideline value of Rs 100 per sq.ft as of 2024, with the median also being Rs 100 per sq.ft. Sundaram Avenue's 2024 figure is equal to this median.

• Thiruppur Kumaran Nagar: Rs 100 per sq.ft (2024)
• Lucky Star City: Rs 100 per sq.ft (2024)
• Kumaran Kudiyirupu: Rs 100 per sq.ft (2024)
• Kumaran Kudiyiruppu: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaram Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total charges Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundaram Avenue?

The Sub Registrar Office that covers Sundaram Avenue is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for further assistance.

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

The guideline value is an important factor during the registration of property transactions in Kattavoor. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, both parties should be aware of the guideline value as it impacts the overall transaction costs. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Sundaram Avenue?

The current guideline value of Sundaram Avenue is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a decrease from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, followed by an increase back to Rs 100 per sq.ft in 2023 and 2024.

What is the land classification of Sundaram Avenue?

Sundaram Avenue is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sundaram Avenue?

The Ponneri Sub Registrar Office covers Sundaram Avenue, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How do stamp duty and registration fees work in Kattavoor?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,00,000, the total charges would include a stamp duty of Rs 7,000 and a registration fee of Rs 2,000.