Guideline Value for SURYA TOWN

Surya Town guideline value

The current guideline value of Surya Town, located in Kovilkuppam village under the Manavalanagar SRO, is Rs 300 per sq.ft. This value is effective from the 2024 revision, which will be in place starting 1 July 2024. The land classification for this area is Residential Class III Type - I.

How the guideline value of Surya Town has changed

Looking at the historical revisions, the guideline value for Surya Town was Rs 300 per sq.ft in both the 2023 and 2024 revisions. There was a significant increase from Rs 201 per sq.ft in the 2017 revision, marking a 49% rise. The value remained at Rs 300 per sq.ft in the 2012 revision, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions with available figures are from 2012, 2017, 2023, and 2024.

Guideline values in Kovilkuppam

In Kovilkuppam, there are 68 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. Surya Town's guideline value is below this median.

• S V Nagar: Rs 350 per sq.ft (2024)
• Sv Nagar Extension: Rs 300 per sq.ft (2024)
• Srivari Nagar: Rs 300 per sq.ft (2024)
• Sri Krishna Nagar: Rs 300 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 300 per sq.ft (2024)
• Town Phase 2: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Surya Town

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total cost for these fees Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Surya Town?

The Sub Registrar Office that covers Surya Town is the Manavalanagar Sub Registrar Office. The address is Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Kovilkuppam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's assessed value, which is essential for legal and financial documentation.

Frequently asked questions

What is the current guideline value of Surya Town?

The current guideline value of Surya Town is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a significant increase from Rs 201 per sq.ft in 2017. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification of Surya Town?

The land classification for Surya Town is Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Surya Town?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Surya Town?

The Manavalanagar Sub Registrar Office covers Surya Town. It is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.