Guideline Value for Sooryanarayanan Road

Sooryanarayanan Road guideline value

The current guideline value of Sooryanarayanan Road is Rs 1,540 per sq.ft, effective from 1 July 2024. This road is located in Thiruverkadu village under the Kunrathur Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Sooryanarayanan Road has changed

The guideline value for Sooryanarayanan Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,540 per sq.ft, an increase of 10% from the 2023 revision of Rs 1,400 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 938 per sq.ft, reflecting a significant increase of 49% from the previous 2012 revision, which was Rs 1,400 per sq.ft. The register has no figures for the revisions in 2002, 2003, and 2007.

Overall, from 2012 to 2024, the guideline value has seen an increase of 10%. The fluctuations in values indicate changes in the property landscape in the area, with the 2017 revision marking a notable decrease of 33% from 2012 to 2017.

Guideline values in Thiruverkadu

In Thiruverkadu, there are 178 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,430 to Rs 3,520 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is also the current guideline value for Sooryanarayanan Road.

• Sree Balaji Govinda nagar: Rs 1,540 per sq.ft (2024)
• Sri Abirami Nagar: Rs 1,540 per sq.ft (2024)
• Sivan Koil Cross Street: Rs 1,540 per sq.ft (2024)
• Sri Devi Karumariamman nagar Extension: Rs 1,540 per sq.ft (2024)
• Sri Devi Karumariyamman Nagar: Rs 1,540 per sq.ft (2024)
• Sri Devi Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Sooryanarayanan Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800. Together, the total cost for stamp duty and registration fee would be Rs 1,38,600. It is important to note that 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 details.

Which Sub Registrar Office covers Sooryanarayanan Road?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruverkadu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

During the registration, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Sooryanarayanan Road?

The current guideline value for Sooryanarayanan Road is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, with various revisions in between, including Rs 1,400 per sq.ft in 2023 and Rs 1,400 per sq.ft in 2012.

What are the stamp duty and registration fees for property on Sooryanarayanan Road?

For a property valued at Rs 15,40,000, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600.

Which office handles the registration for Sooryanarayanan Road?

The Kunrathur Sub Registrar Office handles the registration for Sooryanarayanan Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sooryanarayanan Road?

Sooryanarayanan Road is classified as Residential Class I Type - I, indicating its suitability for residential development.