Guideline Value for SUNDARAPURAM ALL STREETS

Sundarapuram All Streets guideline value

The current guideline value of Sundarapuram All Streets is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class IV Type - I.

How the guideline value of Sundarapuram All Streets has changed

In the 2007 revision, the guideline value was set at Rs 500 per sq.ft. This figure saw a significant increase to Rs 2,000 per sq.ft in the 2023 revision, marking a 300% rise. The most recent revision in 2024 has further increased the value to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Sundarapuram All Streets below this median.

• Sundarapuram: Rs 2,200 per sq.ft (2024)
• Sundara Mudali Street: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali Main Road: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali Hut Area: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali Cross Street: Rs 2,200 per sq.ft (2024)
• Sundaram Mudali 6th Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarapuram All Streets

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 at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees 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 Sundarapuram All Streets?

The Sub Registrar Office covering Sundarapuram All Streets is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring transparency in transactions.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sundarapuram All Streets?

The current guideline value of Sundarapuram All Streets is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, representing a total increase of 340% over the years.

What are the other streets in Perambur with the same guideline value?

Other streets in Perambur with a guideline value of Rs 2,200 per sq.ft include Sundara Mudali Street, Sundaram Mudali Main Road, Sundaram Mudali Hut Area, Sundaram Mudali Cross Street, and Sundaram Mudali 6th Street.

What is the stamp duty rate in Sundarapuram?

The stamp duty rate in Sundarapuram is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sundarapuram located?

The Sub Registrar Office for Sundarapuram is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, under the Purasaivakkam SRO.