Guideline Value for Sudukadu Road

Sudukadu Road guideline value

The current guideline value of Sudukadu Road is Rs 1,650 per sq.ft, effective from 1 July 2024. This road is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Sudukadu Road has changed

The guideline value for Sudukadu Road has undergone several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 500% rise. However, it decreased to Rs 1,005 per sq.ft in 2017, reflecting a decline of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, before reaching the current figure of Rs 1,650 per sq.ft in 2024, a 10% increase.

There are no figures available for the revisions in 2002 and 2003 for Sudukadu Road. Overall, from 2007 to 2024, the guideline value has increased by 560%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,310 per sq.ft, placing Sudukadu Road's 2024 figure below that median.

• Sundaram Nagar: Rs 1,650 per sq.ft (2024)
• Sundarar Street: Rs 2,310 per sq.ft (2024)
• Subbammal Nagar: Rs 1,650 per sq.ft (2024)
• Subash Street: Rs 2,310 per sq.ft (2024)
• Subadhra Theru: Rs 1,650 per sq.ft (2024)
• Suvathini Apartments: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sudukadu Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sudukadu Road?

The Sub Registrar Office that covers Sudukadu Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial reference point when registering property transactions in Perungalathur. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to consider the guideline value, as it may influence negotiations and the overall transaction process. Buyers should be aware of the guideline value to ensure compliance with legal requirements during the registration of the property.

Frequently asked questions

What is the current guideline value of Sudukadu Road?

The current guideline value of Sudukadu Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 560% over the years.

What is the land classification of Sudukadu Road?

Sudukadu Road is classified as Residential Class IV Type - II, indicating its suitability for residential development.

Where can I find the registration office for Sudukadu Road?

The registration office for Sudukadu Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Sudukadu Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 16,50,000 incurs a stamp duty of Rs 1,15,500 at 7%.