Guideline Value for SUNDARAMURTHY VINAYAGAR KOVIL STREET

Sundaramurthy Vinayagar Kovil Street guideline value

The current guideline value of Sundaramurthy Vinayagar Kovil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Sundaramurthy Vinayagar Kovil Street has changed

The guideline value for Sundaramurthy Vinayagar Kovil Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then increased significantly to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. Notably, there are no figures available in the register for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a substantial increase of 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, comparing the figures from 2012 to 2024, there has been an overall increase of 10% in the guideline value.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median value among these streets is Rs 2,200 per sq.ft, which is the same as the current guideline value for Sundaramurthy Vinayagar Kovil Street.

• Sundaravinayagar Kovil Street: Rs 2,200 per sq.ft (2024)
• Sunnambukarath Street: Rs 2,200 per sq.ft (2024)
• Sulai Athimulam Street: Rs 1,650 per sq.ft (2024)
• Syed Yaguf Street: Rs 2,200 per sq.ft (2024)
• T.B.Salai Ward-4: Rs 2,750 per sq.ft (2024)
• Thattan Malai Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaramurthy Vinayagar Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundaramurthy Vinayagar Kovil Street?

The Sub Registrar Office that covers Sundaramurthy Vinayagar Kovil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Chengalpattu Natham. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that transactions reflect the prevailing market conditions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the transaction process. Buyers should be aware of the guideline value to ensure compliance with local regulations and to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sundaramurthy Vinayagar Kovil Street?

The current guideline value of Sundaramurthy Vinayagar Kovil Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office is responsible for Sundaramurthy Vinayagar Kovil Street?

The Chengleput Joint II Sub Registrar Office is responsible for Sundaramurthy Vinayagar Kovil Street, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the significance of the guideline value when buying property?

The guideline value is significant as it determines the minimum price for property registration and helps in calculating the applicable stamp duty and registration fees during a transaction.