Guideline Value for Sudhanandha Bharathi 1st Street

Sudhanandha Bharathi 1st Street guideline value

The current guideline value of Sudhanandha Bharathi 1st Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Kaspapuram village, under the Tambaram Joint 1 SRO, classified as Residential Class I Type - III.

How the guideline value of Sudhanandha Bharathi 1st Street has changed

In the 2012 revision, the guideline value was Rs 500 per sq.ft. This figure remained the same until the 2017 revision, when it decreased to Rs 335 per sq.ft, marking a decline of 33%. The value increased to Rs 500 per sq.ft in the 2023 revision, and then rose again to Rs 550 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaspapuram

In Kaspapuram, there are 76 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Sudhanandha Bharathi 1st Street's 2024 figure below that median.

• Sudhanandha Bharathi 2nd Street: Rs 550 per sq.ft (2024)
• Sudhanandha Bharathi 3rd Street: Rs 550 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,100 per sq.ft (2024)
• Vengambakkam Main Road: Rs 3,300 per sq.ft (2024)
• Shibin City: Rs 1,100 per sq.ft (2024)
• Vinayagar Koil First Cross Street: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sudhanandha Bharathi 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, making the total cost for these fees Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sudhanandha Bharathi 1st Street?

The Sub Registrar Office covering Sudhanandha Bharathi 1st Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Kaspapuram

The guideline value is a crucial factor during property registration in Kaspapuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps both parties understand the minimum expected valuation for the transaction. This ensures transparency and fairness in the registration process, as it reflects the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Sudhanandha Bharathi 1st Street?

The current guideline value of Sudhanandha Bharathi 1st Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen several revisions, with the most recent being Rs 550 per sq.ft in 2024. The value was Rs 500 per sq.ft in 2012, decreased to Rs 335 per sq.ft in 2017, and increased to Rs 500 per sq.ft in 2023.

What is the land classification of Sudhanandha Bharathi 1st Street?

Sudhanandha Bharathi 1st Street is classified as Residential Class I Type - III. This classification affects the guideline value and the types of properties that can be developed in the area.

What are the stamp duty and registration fees for properties on this street?

The stamp duty for properties on Sudhanandha Bharathi 1st Street is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 5,50,000, the total fees would be Rs 49,500.

Which Sub Registrar Office covers this street?

The Tambaram Joint 1 Sub Registrar Office covers Sudhanandha Bharathi 1st Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.