Guideline Value for SUNDARAMBAL ST

Sundarambal St guideline value

The current guideline value of Sundarambal St in Vilingiyambakkam village, under the Avadi SRO, is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Sundarambal St has changed

The guideline value for Sundarambal St has undergone several revisions over the years. The 2012 revision recorded a guideline value of Rs 850 per sq.ft, which then decreased to Rs 569 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 850 per sq.ft in 2023 and then rose to Rs 935 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The changes between the revisions indicate a rise of 49% from 2017 to 2023, while the revision from 2012 to 2017 showed a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, which is equal to the current value of Sundarambal St.

• Sundar St: Rs 1,310 per sq.ft (2024)
• Surigandhi St: Rs 935 per sq.ft (2024)
• Tagoore St: Rs 1,310 per sq.ft (2024)
• Tamilannai St: Rs 800 per sq.ft (2024)
• Sr.Si.Vee.Raman St: Rs 935 per sq.ft (2024)
• Thamarai St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarambal St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total fees to Rs 84,150. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundarambal St?

The Sub Registrar Office that covers Sundarambal St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sundarambal St?

The current guideline value of Sundarambal St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification of Sundarambal St?

Sundarambal St is classified as Residential Class II Type - II, indicating its designation for residential use.

What are the stamp duty and registration fees for property in Sundarambal St?

For a 1,000 sq.ft plot, the total guideline value is Rs 9,35,000, with stamp duty at Rs 65,450 and registration fee at Rs 18,700, totaling Rs 84,150.

Which office handles the registration for properties on Sundarambal St?

The Avadi Sub Registrar Office handles the registration for properties on Sundarambal St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.