Guideline Value for SURIGANDHI ST

Surigandhi St guideline value

The current guideline value of Surigandhi St in Vilingiyambakkam village, under the Avadi SRO, is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Surigandhi St has changed

Looking at the historical revisions, the guideline value for Surigandhi St was Rs 850 per sq.ft in 2012. It decreased to Rs 569 per sq.ft in 2017. In 2023, the value increased significantly to Rs 850 per sq.ft again, and then rose to Rs 935 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the value saw a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10% despite the decrease observed between 2012 and 2017.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a guideline value for 2024, ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value in this area is Rs 935 per sq.ft, which is equal to the current value of Surigandhi St.

• Sundar St: Rs 1,310 per sq.ft (2024)
• Tagoore St: Rs 1,310 per sq.ft (2024)
• Sundarambal St: Rs 935 per sq.ft (2024)
• Tamilannai St: Rs 800 per sq.ft (2024)
• Thamarai St: Rs 935 per sq.ft (2024)
• Sr.Si.Vee.Raman St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Surigandhi St

For a 1,000 sq.ft plot at the current rate of Rs 935 per sq.ft, the guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total to Rs 84,150. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Surigandhi St?

The Sub Registrar Office that covers Surigandhi St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vilingiyambakkam. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of purchase or sale.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a value that reflects the current market conditions as per the official records. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Surigandhi St?

The current guideline value of Surigandhi St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then back to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Surigandhi St?

Surigandhi St is classified under Residential Class II Type - II land classification.

What are the stamp duty and registration fees for a property on Surigandhi St?

For a property valued at Rs 9,35,000, the stamp duty would be Rs 65,450, and the registration fee would be Rs 18,700, totaling Rs 84,150.

Which office handles the registration for Surigandhi St?

The Avadi Sub Registrar Office handles the registration for Surigandhi St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.