Guideline Value for SURYA FORM HOUSE

Surya Form House guideline value

The current guideline value of Surya Form House in Sambadinallore village is Rs 151 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - I.

How the guideline value of Surya Form House has changed

The guideline value for Surya Form House has seen several revisions over the years. In 2012, the value was set at Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 100 per sq.ft. However, from 2017 to 2023, there was a significant increase of 50%, bringing the value back up to Rs 150 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 151 per sq.ft, marking a 1% rise 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 just 1%.

Guideline values in Sambadinallore

In Sambadinallore, three streets under the Chengleput Joint II SRO have a 2024 guideline value ranging from Rs 150 to Rs 200 per sq.ft, with the median being Rs 151 per sq.ft. The guideline value for Surya Form House aligns perfectly with this median.

• Rmp Nagar Phase - I: Rs 200 per sq.ft (2024)
• Ganesh Pharm House: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Surya Form House

For a 1,000 sq.ft plot at the current guideline value of Rs 151 per sq.ft, the total guideline value amounts to Rs 1,51,000. The stamp duty at 7% would be Rs 10,570, and the registration fee at 2% would be Rs 3,020, bringing the total cost for these fees to Rs 13,590. It is essential to note that duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Surya Form House?

The Sub Registrar Office that covers Surya Form House is the Chengleput Joint II Sub Registrar Office, 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 Sambadinallore

The guideline value plays a crucial role in the registration process when buying or selling property in Sambadinallore. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during 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 and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Surya Form House?

The current guideline value for Surya Form House is Rs 151 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023, and finally to Rs 151 per sq.ft in 2024.

What are the other streets in Sambadinallore with guideline values?

Other streets in Sambadinallore include Rmp Nagar Phase - I, which has a guideline value of Rs 200 per sq.ft, and Ganesh Pharm House, with a value of Rs 150 per sq.ft for 2024.

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.

How is the stamp duty calculated for properties in Sambadinallore?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,51,000, the stamp duty would be Rs 10,570 at a rate of 7%.