Guideline Value for SURENDRAPURAM (N)

Surendrapuram (N) guideline value

The current guideline value of Surendrapuram (N) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class I Type - III.

How the guideline value of Surendrapuram (N) has changed

Over the years, the guideline value of Surendrapuram (N) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 600 per sq.ft. The most recent revision in 2024 raised the guideline value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, which means that Surendrapuram (N) is currently below this median value.

• Swamy Nagar (Kr): Rs 660 per sq.ft (2024)
• Sundarar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thaiyumanavar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thalamuthu Natarajan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Subramania Siva Salai (Ward -8): Rs 1,320 per sq.ft (2024)
• Thaniskeyar (Per): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Surendrapuram (N)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty, charged at 7%, would amount to Rs 46,200, while the registration fee at 2% would be Rs 13,200. Thus, the total cost for stamp duty and registration would be 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Surendrapuram (N)?

The Sub Registrar Office covering Surendrapuram (N) is 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 Kattankollatur

The guideline value plays a crucial role in the registration process when buying or selling property in Kattankollatur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

Additionally, the guideline value helps in establishing a fair basis for property transactions, ensuring that both parties are aware of the minimum value set by the government. This transparency is essential in maintaining the integrity of property dealings in the area.

Frequently asked questions

What is the current guideline value of Surendrapuram (N)?

The current guideline value of Surendrapuram (N) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen several changes, including a decrease in 2017 followed by increases in 2023 and 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

What is the median guideline value in Kattankollatur?

The median guideline value in Kattankollatur is Rs 1,100 per sq.ft. Surendrapuram (N) is currently below this median value.

What are the stamp duty and registration fees for property in Surendrapuram (N)?

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.

Which office handles the registration for Surendrapuram (N)?

The Chengleput Joint II Sub Registrar Office handles registrations for Surendrapuram (N), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.