Guideline Value for SUNDARAPURAM

Sundarapuram guideline value

The current guideline value of Sundarapuram, located in Perambur village under the Purasaivakkam SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sundarapuram has changed

The guideline value of Sundarapuram has seen significant changes over the years. In 2002, the value was Rs 336 per sq.ft, which increased to Rs 369 per sq.ft in 2003, marking a 10% rise. By 2007, the value had further increased to Rs 500 per sq.ft, representing a 36% increase from the previous revision. The value then rose dramatically to Rs 2,000 per sq.ft in 2023, reflecting a 300% increase from 2007. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, showing a 10% increase from the 2023 figure.

It is important to note that there are no figures available for the years 2012 and 2017 for this street. Overall, from 2002 to 2024, the guideline value has increased by 555%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Sundarapuram is below this median.

• Sundararapuram All Streets: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundarapuram?

The Sub Registrar Office that covers Sundarapuram 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 when buying or selling property in Perambur, as it determines the minimum value at which properties can be registered. This value is used by the registration authorities to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sundarapuram?

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

How has the guideline value of Sundarapuram changed over the years?

The guideline value has increased significantly from Rs 336 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 555% over the years.

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

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 covers Sundarapuram?

The Purasaivakkam Sub Registrar Office covers Sundarapuram, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Sundarapuram?

The land classification for Sundarapuram is Residential Class IV Type - I, indicating its suitability for residential development.