Guideline Value for SURENDHRAPURAM PHASE -IV

Surendhrapuram Phase -IV guideline value

The current guideline value of Surendhrapuram Phase -IV 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 -IV has changed

In the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street. The guideline value for Surendhrapuram Phase -IV was Rs 600 per sq.ft in the 2023 revision, which increased by 10% to Rs 660 per sq.ft in the 2024 revision.

The 2024 revision marks the first recorded figure for this street since 2023. The increase from Rs 600 to Rs 660 signifies a notable adjustment in the guideline value.

Guideline values in Ninna Karai

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

• Surendhrapuram Phase -II: Rs 660 per sq.ft (2024)
• Surendhrapuram Phase - I: 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 -IV

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the 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, totaling Rs 59,400. 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 Surendhrapuram Phase -IV?

The Chengleput Joint II Sub Registrar Office covers Surendhrapuram Phase -IV. The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the 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 plays a crucial role in the registration process when buying or selling property in Ninna Karai. It is used to determine the stamp duty and registration fees, which are essential costs involved in property transactions.

When a property is sold, the higher of the guideline value or the sale price is considered for calculating these fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value for Surendhrapuram Phase -IV was Rs 600 per sq.ft in 2023 and increased to Rs 660 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land in Surendhrapuram Phase -IV?

Surendhrapuram Phase -IV is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

For a property valued at 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, totaling Rs 59,400. These fees are based on the higher of the guideline value or the sale price.

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. This office handles registrations for properties in Surendhrapuram Phase -IV.