Guideline Value for SUNDARAVINAYAGAR KOVIL STREET

Sundaravinayagar Kovil Street guideline value

The current guideline value of Sundaravinayagar Kovil Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village under the Chengleput Joint II SRO and is classified as Residential Special Type - III.

How the guideline value of Sundaravinayagar Kovil Street has changed

Over the years, the guideline value for Sundaravinayagar Kovil Street has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,340 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 2,000 per sq.ft in the 2023 revision, followed by the latest 2024 revision, which raised it to Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, bringing it back above the 2012 level. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value of Sundaravinayagar Kovil Street.

• Sundaramurthy Vinayagar 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 Sundaravinayagar 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 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, bringing the total cost for these fees to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sundaravinayagar Kovil Street?

The Sub Registrar Office that covers Sundaravinayagar 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 in property transactions in Chengalpattu Natham. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees during the sale or purchase of property.

When buying or selling property, it is essential to consider the guideline value as it impacts the overall costs involved in the transaction. Buyers and sellers must ensure they are aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sundaravinayagar Kovil Street?

The current guideline value of Sundaravinayagar 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 back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Sundaravinayagar Kovil Street?

Sundaravinayagar Kovil Street is classified as Residential Special Type - III, which influences its guideline value and usage in property transactions.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Sundaravinayagar Kovil Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 2,200 per sq.ft would incur a total guideline value of Rs 22,00,000, leading to specific fees based on that amount.