Guideline Value for SUNDRAM POWER LINE

Sundram Power Line guideline value

The current guideline value of Sundram Power Line is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class IV Type - I.

How the guideline value of Sundram Power Line has changed

The guideline value for Sundram Power Line has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 2,200 per sq.ft, marking a change of +10% from the previous year.

As we look at the changes between the revisions, the 2023 to 2024 increase reflects a significant adjustment in the guideline value. The current value of Rs 2,200 per sq.ft is the first figure recorded for this street since 2023.

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. Sundram Power Line's current guideline value is below this median.

• Sundarapuram All Streets: Rs 2,200 per sq.ft (2024)
• Sundarapuram: 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)

Stamp duty and registration fee for property in Sundram Power Line

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty charged at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total fees to 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 information on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundram Power Line?

The Sub Registrar Office that covers Sundram Power Line is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For further assistance, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sundram Power Line?

The current guideline value of Sundram Power Line 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 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values for other streets in Perambur?

Other streets in Perambur under the Purasaivakkam SRO have a guideline value of Rs 2,200 per sq.ft in 2024. This includes streets like Sundarapuram All Streets, Sundara Mudali Street, and Sundaram Mudali Main Road.

What fees are associated with buying property in Sundram Power Line?

When purchasing property in Sundram Power Line, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which office handles property registrations for Sundram Power Line?

The Purasaivakkam Sub Registrar Office handles property registrations for Sundram Power Line, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.