Guideline Value for SUNNAMBU KALVAI CHERI

Sunnambu Kalvai Cheri guideline value

The current guideline value of Sunnambu Kalvai Cheri is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class V Type - II.

How the guideline value of Sunnambu Kalvai Cheri has changed

The guideline value for Sunnambu Kalvai Cheri has seen several revisions over the years. In 2007, the value was Rs 650 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 208%. However, it then decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft. The guideline value of Sunnambu Kalvai Cheri is below this median.

• Surat Bhavan Garden: Rs 2,200 per sq.ft (2024)
• Surat Bhavan Street: Rs 2,200 per sq.ft (2024)
• Sundarlal Nahata Avenue: Rs 7,700 per sq.ft (2024)
• Sundaram Pillai Street: Rs 7,100 per sq.ft (2024)
• Sundaram Pillai Lane: Rs 7,100 per sq.ft (2024)
• Sudukadu Hut Area: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sunnambu Kalvai Cheri

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sunnambu Kalvai Cheri?

The Sub Registrar Office that covers Sunnambu Kalvai Cheri is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations. It is essential for both parties 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 Sunnambu Kalvai Cheri?

The current guideline value of Sunnambu Kalvai Cheri 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 650 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 238% over the years.

What is the land classification for Sunnambu Kalvai Cheri?

Sunnambu Kalvai Cheri is classified as Residential Class V Type - II.

Where can I find the Sub Registrar Office for Sunnambu Kalvai Cheri?

The Sub Registrar Office for Sunnambu Kalvai Cheri is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Sunnambu Kalvai Cheri?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies to the guideline value.