Guideline Value for SURENDHRAPURAM PHASE - I

Surendhrapuram Phase - I guideline value

The current guideline value of Surendhrapuram Phase - I is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Surendhrapuram Phase - I has changed

In the 2007 revision, the guideline value was Rs 255 per sq.ft. This figure saw a significant increase to Rs 600 per sq.ft in the 2023 revision, marking a rise of 135%. The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 159%. It is important to note that there are no figures available for the years 2002, 2003, 2012, and 2017 for this street in the register.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Surendhrapuram Phase - I's 2024 figure below this median.

• Surendhrapuram Phase -II: Rs 660 per sq.ft (2024)
• Surendhrapuram Phase -IV: Rs 660 per sq.ft (2024)
• Surendrapuram (N): Rs 660 per sq.ft (2024)
• Surendra Puram Phase I: Rs 660 per sq.ft (2024)
• Surendra Puram Phase II: Rs 660 per sq.ft (2024)
• Surendra Puram Phase -III: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Surendhrapuram Phase - I

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 details.

Which Sub Registrar Office covers Surendhrapuram Phase - I?

The Surendhrapuram Phase - I area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ninna Karai. It serves as the basis for calculating stamp duty and registration fees, which are mandatory when buying or selling property.

When you proceed with a transaction, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and financial purposes. It is important to be aware of the current guideline value to understand the costs involved in the property transaction.

Frequently asked questions

What is the current guideline value of Surendhrapuram Phase - I?

The current guideline value of Surendhrapuram Phase - I is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 255 per sq.ft in 2007 to Rs 600 per sq.ft in 2023, and then to Rs 660 per sq.ft in 2024. Overall, this represents a 159% increase from 2007 to 2024.

What is the median guideline value in Ninna Karai?

The median guideline value for streets in Ninna Karai is Rs 1,100 per sq.ft, with Surendhrapuram Phase - I's 2024 figure being below this median.

What are the stamp duty and registration fees for property in Surendhrapuram Phase - I?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 and the registration fee would be Rs 13,200, totaling Rs 59,400. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Surendhrapuram Phase - I?

The Chengleput Joint II Sub Registrar Office handles registrations for Surendhrapuram Phase - I, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.