Guideline Value for SUNDARAPURAM KALIVANTHAPATTU (WARD -9)

Sundarapuram Kalivanthapattu (Ward -9) guideline value

The current guideline value of Sundarapuram Kalivanthapattu (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Goodaloor village and falls under the Chengleput Joint II SRO with a land classification of Residential Class I Type - III.

How the guideline value of Sundarapuram Kalivanthapattu (Ward -9) has changed

The guideline value for Sundarapuram Kalivanthapattu has seen several revisions over the years. The 2012 revision set the value at Rs 500 per sq.ft, which was then revised to Rs 335 per sq.ft in 2017, marking a decrease of 33%. The 2023 revision increased the value to Rs 500 per sq.ft, followed by the current 2024 revision, which raised it to Rs 550 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the current 2024 revision, there has been an increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Goodaloor

Goodaloor village has a range of guideline values across its 53 streets under the Chengleput Joint II SRO, with values varying from Rs 385 to Rs 2,510 per sq.ft. The median value for the village is Rs 660 per sq.ft, placing Sundarapuram Kalivanthapattu's 2024 figure below the median.

• Tank Street (Ward -9): Rs 550 per sq.ft (2024)
• Thirukural Nagar (Kod): Rs 660 per sq.ft (2024)
• Thirumalai Nagar: Rs 660 per sq.ft (2024)
• Thirumalai Premimum County (Ward -9): Rs 1,100 per sq.ft (2024)
• Sri Nagar: Rs 825 per sq.ft (2024)
• T.N.H.B.Coodalur Village (Ward -9): Rs 825 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarapuram Kalivanthapattu (Ward -9)

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total of Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundarapuram Kalivanthapattu (Ward -9)?

The Sub Registrar Office that covers Sundarapuram Kalivanthapattu (Ward -9) 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 Goodaloor

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Goodaloor, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the registration process.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any potential disputes during the registration of the property.

Frequently asked questions

What is the current guideline value of Sundarapuram Kalivanthapattu (Ward -9)?

The current guideline value of Sundarapuram Kalivanthapattu (Ward -9) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then back to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Sundarapuram Kalivanthapattu?

Sundarapuram Kalivanthapattu falls under the land classification of Residential Class I Type - III.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sundarapuram Kalivanthapattu?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.