Guideline Value for SUNDARAMUDALIAR THOTTAM

Sundaramudaliar Thottam guideline value

The current guideline value of Sundaramudaliar Thottam is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Korattur village and falls under the Villivakkam SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Sundaramudaliar Thottam has changed

The guideline value for Sundaramudaliar Thottam has seen several revisions over the years. In 2007, the value was Rs 375 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 300% rise. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a decline of 33%. The subsequent revision in 2017 brought the value back up to Rs 1,500 per sq.ft, followed by a substantial increase to Rs 1,500 per sq.ft in 2023, and finally reaching Rs 1,600 per sq.ft in 2024, reflecting a 7% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 327%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value in this area is Rs 2,500 per sq.ft, placing Sundaramudaliar Thottam's 2024 figure below that median.

• Subramani Nagar: Rs 1,600 per sq.ft (2024)
• Surya Nagar: Rs 1,600 per sq.ft (2024)
• Subbulakshmi Nagar Extention: Rs 2,100 per sq.ft (2024)
• SUBBULAKSHMI NAGAR 4th STREET: Rs 2,100 per sq.ft (2024)
• SUBBULAKSHMI NAGAR 3rd STREET: Rs 2,100 per sq.ft (2024)
• SUBBULAKSHMI NAGAR 2nd STREET: Rs 2,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaramudaliar Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundaramudaliar Thottam?

The Sub Registrar Office that covers Sundaramudaliar Thottam is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the property registration process in Korattur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the sale or purchase of property.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Sundaramudaliar Thottam?

The current guideline value of Sundaramudaliar Thottam is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 375 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, marking a total increase of 327% over the years.

What is the land classification for Sundaramudaliar Thottam?

Sundaramudaliar Thottam is classified as Residential Class III Type - III. This classification affects the guideline value and property usage in the area.

Where can I find more information about other streets in Korattur?

For more information about other streets in Korattur and their guideline values, you can refer to the respective links provided in the guideline values section.

What is the stamp duty rate for properties in Sundaramudaliar Thottam?

The stamp duty rate for properties in Sundaramudaliar Thottam is 7% of the guideline value or the sale price, whichever is higher.