Guideline Value for SUNDARAR STREET (WARD -6)

Sundarar Street (Ward -6) guideline value

The current guideline value of Sundarar Street (Ward -6) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Sundarar Street (Ward -6) has changed

The guideline value of Sundarar Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which remained unchanged until the next revision in 2017, where it decreased to Rs 804 per sq.ft. Following that, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then to Rs 1,321 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the period from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Sundarar Street's 2024 figure above this median.

• Surendhrapuram Phase - I: Rs 660 per sq.ft (2024)
• Surendhrapuram Phase -II: Rs 660 per sq.ft (2024)
• Surendhrapuram Phase -IV: Rs 660 per sq.ft (2024)
• Surendrapuram (N): Rs 660 per sq.ft (2024)
• Surendra Puram Phase I: Rs 660 per sq.ft (2024)
• Surendra Puram Phase II: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarar Street (Ward -6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, while the registration fee at 2% would be Rs 26,420, totaling Rs 1,18,890. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundarar Street (Ward -6)?

The Sub Registrar Office that covers Sundarar Street (Ward -6) 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 Ninna Karai

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, preventing undervaluation. Buyers and sellers should always be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sundarar Street (Ward -6)?

The current guideline value of Sundarar Street (Ward -6) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification of Sundarar Street (Ward -6)?

Sundarar Street (Ward -6) is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the other streets in Ninna Karai and their guideline values?

Other streets in Ninna Karai include Surendhrapuram Phase - I, Surendhrapuram Phase -II, Surendhrapuram Phase -IV, Surendrapuram (N), Surendra Puram Phase I, and Surendra Puram Phase II, all with a guideline value of Rs 660 per sq.ft in 2024.

How is stamp duty calculated for properties in Sundarar Street (Ward -6)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,21,000, the stamp duty would be Rs 92,470.