Guideline Value

Corporate

Guideline Value for SUNDRARESWARARNAGAR

₹200/sq.ft.

The guideline value for Sundrareswararnagar in Kodivalasa village (Pallipattu SRO, Chennai zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodivalasa

Village

Pallipattu

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹60 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207
044-27843480
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Sundrareswararnagar guideline value

The current guideline value of Sundrareswararnagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Kodivalasa village under the Pallipattu SRO and is classified as Residential Class II Type - I.

How the guideline value of Sundrareswararnagar has changed

Over the years, the guideline value for Sundrareswararnagar has seen several revisions. The earliest recorded figure is from 2007, which was Rs 60 per sq.ft. This increased to Rs 200 per sq.ft in 2012, followed by a decrease to Rs 134 per sq.ft in 2017. The value then rose to Rs 200 per sq.ft in both 2023 and 2024, with no figures available for the years 2002 and 2003.

Specifically, the changes between revisions are notable. From 2007 to 2012, there was an increase of 233%, followed by a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and remained unchanged from 2023 to 2024, resulting in an overall increase of 233% from 2007 to 2024.

Guideline values in Kodivalasa

Kodivalasa village has 17 streets under the Pallipattu SRO with a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft. The guideline value for Sundrareswararnagar is equal to the median value of Rs 200 per sq.ft. Below are the guideline values for other streets in Kodivalasa:

Stamp duty and registration fee for property in Sundrareswararnagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundrareswararnagar?

The Sub Registrar Office that covers Sundrareswararnagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kodivalasa. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs incurred during the buying or selling of property.

When a property is sold, the guideline value is used to determine the official value of the transaction for registration purposes. This ensures that the appropriate taxes are collected, and it helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sundrareswararnagar?

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 60 per sq.ft in 2007 to Rs 200 per sq.ft in 2024, with various fluctuations in between, including a decrease to Rs 134 per sq.ft in 2017.

What are the other streets in Kodivalasa with their guideline values?

Other streets in Kodivalasa include Thoppustreet at Rs 250 per sq.ft, Senthilnagar at Rs 175 per sq.ft, and several others at Rs 200 per sq.ft, reflecting the median value of the area.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 2,00,000, the total fees would amount to Rs 18,000.

Which office handles the registration of properties in Sundrareswararnagar?

The Pallipattu Sub Registrar Office handles the registration of properties in Sundrareswararnagar, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207.