Guideline Value for SUNDIVAKATHAR STREET

Sundivakathar Street guideline value

The current guideline value of Sundivakathar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Cheyyur, under the Cheyyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sundivakathar Street has changed

In the 2017 revision, the guideline value was set at Rs 134 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 200 per sq.ft. The current 2024 revision has kept the value at Rs 200 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for Sundivakathar Street. The change from 2017 to 2023 was 0%, indicating stability in the guideline value during that period.

Guideline values in Cheyyur - A

In Cheyyur - A, there are 64 streets under the Cheyyur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 101 per sq.ft, placing Sundivakathar Street's 2024 figure above that median.

• Sumangali Nagar: Rs 101 per sq.ft (2024)
• Thachan Street: Rs 101 per sq.ft (2024)
• Thandumariyamman Koil Street: Rs 101 per sq.ft (2024)
• Thiropathiamman Koil Street: Rs 350 per sq.ft (2024)
• VADACOLONY 1st STREET: Rs 101 per sq.ft (2024)
• Vadakku Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sundivakathar Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundivakathar Street?

The Sub Registrar Office that covers Sundivakathar Street is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Cheyyur - A

The guideline value is a crucial factor in property transactions in Cheyyur - A, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall cost of property transactions. This ensures that all parties involved are informed of the financial implications of the sale or purchase.

Frequently asked questions

What is the current guideline value of Sundivakathar Street?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall since 2017.

Are there any years without a guideline value for Sundivakathar Street?

Yes, the register has no figures for Sundivakathar Street for the years 2002, 2003, 2007, and 2012.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Cheyyur Sub Registrar Office?

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone.