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 Panangottur 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 earliest recorded figure is from 2012, where it was set at Rs 600 per sq.ft. This value remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. In 2023, the value increased significantly to Rs 600 per sq.ft, and the most recent revision in 2024 raised it to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 600 in 2012 to Rs 660 in 2024, resulting in an overall increase of 10% over this period. The changes between the revisions are notable, with a 49% increase from Rs 402 in 2017 to Rs 600 in 2023, followed by the 10% rise to Rs 660 in 2024. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, placing Surendrapuram (N) below this median at Rs 660 per sq.ft.

• 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 amounts to Rs 6,60,000. The stamp duty is calculated at 7%, resulting in Rs 46,200, while the registration fee at 2% amounts to Rs 13,200. Therefore, the total cost for stamp duty and registration combined is Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Surendrapuram (N)?

The Sub Registrar Office that covers 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 Panangottur

The guideline value is a critical factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that both parties are aware of the costs involved in the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the transaction is processed fairly and transparently, adhering to the regulations set by the Registration Department.

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?

The guideline value has changed from Rs 600 in 2012 to Rs 660 in 2024, with notable changes including a drop to Rs 402 in 2017 and a rise to Rs 600 in 2023.

What is the land classification for Surendrapuram (N)?

Surendrapuram (N) is classified as Residential Class I Type - III, indicating its suitability for residential development.

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

The registration fee for property in Surendrapuram (N) is calculated based on the guideline value, which is currently Rs 660 per sq.ft. For example, the registration fee for a 1,000 sq.ft plot would be Rs 13,200.

Where can I find the Sub Registrar Office for Surendrapuram (N)?

The Sub Registrar Office for Surendrapuram (N) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengleput Joint II registration zone.