Guideline Value for SUNNAMBUKARATH STREET

Sunnambukarath Street guideline value

The current guideline value of Sunnambukarath Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Chengalpattu Natham village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - III.

How the guideline value of Sunnambukarath Street has changed

Over the years, the guideline value of Sunnambukarath Street has seen several revisions. The earliest available figure is from 2012, where the value was Rs 2,000 per sq.ft. This was followed by a drop to Rs 1,340 per sq.ft in 2017, marking a decrease of 33%. In 2023, the value increased to Rs 2,000 per sq.ft, and then further rose to the current value of Rs 2,200 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chengalpattu Natham

In Chengalpattu Natham, there are 88 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the current value of Sunnambukarath Street.

• Sundaravinayagar Kovil Street: Rs 2,200 per sq.ft (2024)
• Sundaramurthy Vinayagar Kovil Street: Rs 2,200 per sq.ft (2024)
• Syed Yaguf Street: Rs 2,200 per sq.ft (2024)
• Sulai Athimulam Street: Rs 1,650 per sq.ft (2024)
• T.B.Salai Ward-4: Rs 2,750 per sq.ft (2024)
• Thattan Malai Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sunnambukarath Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sunnambukarath Street?

The Sub Registrar Office that covers Sunnambukarath Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Chengalpattu Natham. It serves as a benchmark for determining the minimum value at which a property can be sold or registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of ownership. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Sunnambukarath Street?

The current guideline value of Sunnambukarath Street 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 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Sunnambukarath Street?

The land classification for Sunnambukarath Street is Residential Special Type - III.

What is the registration office for this street?

The registration office covering Sunnambukarath Street is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at 7%.