Guideline Value for SUNDHARAVINAYAGAR NAGAR ANNEX

Sundharavinayagar Nagar Annex guideline value

The current guideline value of Sundharavinayagar Nagar Annex is Rs 1,065 per sq.ft, effective from 1 July 2024. This property is located in Sundaracholavaram village, under the Kunrathur SRO, and is classified as Mixed Type - II land.

How the guideline value of Sundharavinayagar Nagar Annex has changed

The guideline value for Sundharavinayagar Nagar Annex has seen several revisions over the years. The 2017 revision set the value at Rs 650 per sq.ft, which increased to Rs 971 per sq.ft in the 2023 revision. The most recent 2024 revision has raised the guideline value to Rs 1,065 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. However, the significant changes from the 2017 revision to the 2023 revision show a 49% increase, reflecting the evolving property landscape in the area.

Guideline values in Sundaracholavaram

Sundaracholavaram has a total of 57 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Sundharavinayagar Nagar Annex's 2024 figure above this median.

• Sundara Vinayagar Nagar: Rs 550 per sq.ft (2024)
• Sundarasolpuram Mettu Street: Rs 660 per sq.ft (2024)
• Sundarasolapuram Mayana Road: Rs 660 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 660 per sq.ft (2024)
• Sri Satheswari Nagar: Rs 660 per sq.ft (2024)
• Sri Rajarajeswari Nagar: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sundharavinayagar Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,065 per sq.ft, the total guideline value would be Rs 10,65,000. The stamp duty at 7% would amount to Rs 74,550, and the registration fee at 2% would be Rs 21,300, bringing the total cost together to Rs 95,850. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundharavinayagar Nagar Annex?

The Sub Registrar Office that covers Sundharavinayagar Nagar Annex is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Sundaracholavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy and compliance with local regulations. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sundharavinayagar Nagar Annex?

The current guideline value of Sundharavinayagar Nagar Annex is Rs 1,065 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 650 per sq.ft in 2017 to Rs 1,065 per sq.ft in 2024, marking an overall increase of 64% over this period.

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

For a property valued at Rs 10,65,000, the stamp duty would be Rs 74,550 and the registration fee would be Rs 21,300, totaling Rs 95,850.

Which office handles registrations for Sundharavinayagar Nagar Annex?

The Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069, handles registrations for Sundharavinayagar Nagar Annex.

What is the land classification of Sundharavinayagar Nagar Annex?

The land classification for Sundharavinayagar Nagar Annex is Mixed Type - II, which indicates the type of development permissible in the area.