Guideline Value for SUNDARAM PILLAI STREET

Sundaram Pillai Street guideline value

The current guideline value of Sundaram Pillai Street is Rs 7,100 per sq.ft. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - III.

How the guideline value of Sundaram Pillai Street has changed

The guideline value for Sundaram Pillai Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,800 per sq.ft, which increased significantly to Rs 6,500 per sq.ft in 2012. However, it then decreased to Rs 4,355 per sq.ft in 2017. The value saw a substantial increase to Rs 6,500 per sq.ft again in 2023, and the most recent revision in 2024 set the guideline value at Rs 7,100 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 294%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value in the village is Rs 5,500 per sq.ft, placing Sundaram Pillai Street's 2024 figure above this median.

• Sundaram Pillai Lane: Rs 7,100 per sq.ft (2024)
• Sundarlal Nahata Avenue: Rs 7,700 per sq.ft (2024)
• Sudukadu Hut Area: Rs 2,200 per sq.ft (2024)
• Sunnambu Kalvai Cheri: Rs 2,200 per sq.ft (2024)
• Subramanya Mudali Street: Rs 7,100 per sq.ft (2024)
• Surat Bhavan Garden: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaram Pillai Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total 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, bringing the total fees to Rs 6,39,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundaram Pillai Street?

The Sub Registrar Office that covers Sundaram Pillai Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Purasaivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

Frequently asked questions

What is the current guideline value of Sundaram Pillai Street?

The current guideline value of Sundaram Pillai 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 has seen various revisions, starting from Rs 1,800 per sq.ft in 2007, increasing to Rs 6,500 in 2012, then decreasing to Rs 4,355 in 2017, and rising again to Rs 6,500 in 2023 before reaching Rs 7,100 in 2024.

Where can I find the registration office for Sundaram Pillai Street?

The registration office for Sundaram Pillai Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

What is the land classification for Sundaram Pillai Street?

Sundaram Pillai Street is classified as Residential Class II Type - III, indicating its specific use and zoning regulations within the Purasaivakkam area.