Guideline Value for SURENDHRAPURAM PHASE -II

Surendhrapuram Phase -II guideline value

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

How the guideline value of Surendhrapuram Phase -II has changed

In the 2007 revision, the guideline value for Surendhrapuram Phase -II was Rs 255 per sq.ft. This figure remained unchanged in the revisions for 2012, 2017, and 2023, which have no figures available for this street. However, in the 2023 revision, the value increased to Rs 600 per sq.ft, reflecting a significant rise of 135% from the 2007 figure.

The most recent revision in 2024 set the guideline value at Rs 660 per sq.ft, marking a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 159%.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that Surendhrapuram Phase -II's current value is below this median.

• Surendhrapuram Phase - I: 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 -II

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Surendhrapuram Phase -II?

The Sub Registrar Office covering Surendhrapuram Phase -II 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 more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Ninna Karai. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which is essential for both buyers and sellers. This value is compared against the sale price, and the higher of the two is used to calculate the applicable fees.

Frequently asked questions

What is the current guideline value for Surendhrapuram Phase -II?

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

How much has the guideline value changed since 2007?

Since 2007, the guideline value for Surendhrapuram Phase -II has increased by 159%, rising from Rs 255 per sq.ft to Rs 660 per sq.ft in 2024.

What was the guideline value in 2023?

The guideline value for Surendhrapuram Phase -II in 2023 was Rs 600 per sq.ft, which was a 135% increase from the 2007 figure.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Surendhrapuram Phase -II?

Stamp duty for properties in Surendhrapuram Phase -II is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at 7%.