Guideline Value for Sudhananda Bharati Street

Sudhananda Bharati Street guideline value

The current guideline value of Sudhananda Bharati Street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village under the Tambaram Joint 1 SRO, classified as Commercial Class I Type - II.

How the guideline value of Sudhananda Bharati Street has changed

The guideline value for Sudhananda Bharati Street has seen several revisions over the years. In the 2007 revision, the value was Rs 500 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in the 2012 revision, marking a 600% increase. However, it then decreased to Rs 2,345 per sq.ft in the 2017 revision, reflecting a 33% decline. The value rose again to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,850 per sq.ft in the 2024 revision, which is a 10% rise from the previous year.

Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 670%. It is important to note that the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Irumpuliyur

In Irumpuliyur, there are 218 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Sudhananda Bharati Street is above this median.

• Sumit Lane: Rs 2,530 per sq.ft (2024)
• Subramainya Siva Street: Rs 2,530 per sq.ft (2024)
• Tamil Poonga Street: Rs 2,530 per sq.ft (2024)
• Thanthai Periyar Nagar: Rs 2,200 per sq.ft (2024)
• Thilagavathi 2nd Street: Rs 2,530 per sq.ft (2024)
• Thilagavathi Main Road: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Sudhananda Bharati Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, resulting in a total of Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sudhananda Bharati Street?

The Sub Registrar Office that covers Sudhananda Bharati Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Irumpuliyur. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both buyers and sellers as it impacts the overall cost of property transactions. It ensures that the property is registered at a value that reflects the current market conditions as determined by the government.

Frequently asked questions

What is the current guideline value of Sudhananda Bharati Street?

The current guideline value of Sudhananda Bharati Street is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, representing an overall increase of 670% over the years.

What is the stamp duty rate for properties in Sudhananda Bharati Street?

The stamp duty rate for properties in Sudhananda Bharati Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sudhananda Bharati Street?

The Sub Registrar Office for Sudhananda Bharati Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

What is the median guideline value in Irumpuliyur?

The median guideline value in Irumpuliyur is Rs 2,200 per sq.ft, with Sudhananda Bharati Street's value being above this median.