Guideline Value for SURESH AVENUE

Suresh Avenue guideline value

The current guideline value of Suresh Avenue in Chennerkuppam village, under the Kunrathur SRO, is Rs 2,249 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Suresh Avenue has changed

The guideline value for Suresh Avenue has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,249 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,045 per sq.ft. Prior to that, the 2017 revision also recorded a value of Rs 2,045 per sq.ft, indicating no change during that period.

There are no figures available for the revisions in 2012, 2007, 2003, and 2002 for Suresh Avenue. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,895 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value for Suresh Avenue is above this median.

• S.V. Nagar: Rs 2,090 per sq.ft (2024)
• Subramaniya Swamy Koil Street: Rs 1,430 per sq.ft (2024)
• Teak Haven: Rs 4,105 per sq.ft (2024)
• Thangavel Nagar: Rs 1,430 per sq.ft (2024)
• Sri Sakunthalanagar: Rs 1,430 per sq.ft (2024)
• Srinivasa Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Suresh Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,249 per sq.ft, the total guideline value would be Rs 22,49,000. The stamp duty at 7% would amount to Rs 1,57,430, and the registration fee at 2% would be Rs 44,980, resulting in a total of Rs 2,02,410. It is important to note that the 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 Suresh Avenue?

The Sub Registrar Office that covers Suresh Avenue is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Chennerkuppam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers and sellers should be aware of the current guideline value to understand the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Suresh Avenue?

The current guideline value of Suresh Avenue is Rs 2,249 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,045 per sq.ft in 2023 to Rs 2,249 per sq.ft in 2024, representing a 10% increase. There was no change from 2017 to 2023, where the value remained at Rs 2,045 per sq.ft.

What is the land classification for Suresh Avenue?

The land classification for Suresh Avenue is Mixed Type - I, which indicates the type of development permissible in the area.

What are the other streets in Chennerkuppam?

Other streets in Chennerkuppam include S.V. Nagar, Subramaniya Swamy Koil Street, Teak Haven, Thangavel Nagar, Sri Sakunthalanagar, and Srinivasa Nagar, each with their respective guideline values for 2024.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles property registrations for Suresh Avenue and surrounding areas.