Guideline Value for Sudukadu Street

Sudukadu Street guideline value

The current guideline value of Sudukadu Street is Rs 2,530 per sq.ft, effective from 1 July 2024. This street is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sudukadu Street has changed

The guideline value for Sudukadu Street has seen several revisions over the years. In the 2003 revision, the value was Rs 163 per sq.ft. This increased significantly to Rs 700 per sq.ft in 2007, marking a rise of 329%. The value then jumped to Rs 2,300 per sq.ft in 2012, which was an increase of 229%. However, in 2017, the value decreased to Rs 1,541 per sq.ft, reflecting a drop of 33%. The 2023 revision set the value at Rs 2,300 per sq.ft, and the latest 2024 revision raised it to Rs 2,530 per sq.ft, a change of 10%.

Overall, from 2003 to 2024, the guideline value has increased by 1452%. The register does not have a figure for Sudukadu Street for the year 2002.

Guideline values in Kilkattalai

In Kilkattalai, there are 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,530 per sq.ft, which is the same as the current value for Sudukadu Street.

• Suguna Colony: Rs 2,200 per sq.ft (2024)
• Subramaniya Nagar: Rs 2,530 per sq.ft (2024)
• S.R.V.S. Colony Extn: Rs 3,300 per sq.ft (2024)
• S.R.V.S. Colony: Rs 3,300 per sq.ft (2024)
• Thenmozhi Nagar: Rs 2,530 per sq.ft (2024)
• Thenmozhi Nagar 1 To 5 Streets: Rs 2,530 per sq.ft (2024)

Stamp duty and registration fee for property in Sudukadu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,530 per sq.ft, the total guideline value would be Rs 25,30,000. The stamp duty at 7% would be Rs 1,77,100, and the registration fee at 2% would be Rs 50,600, making the total cost for these fees Rs 2,27,700. It is important to note that 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 more details.

Which Sub Registrar Office covers Sudukadu Street?

The Sub Registrar Office that covers Sudukadu Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 Kilkattalai

The guideline value is a crucial factor when buying or selling property in Kilkattalai. It determines the minimum price at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value ensures that the government receives the appropriate revenue from the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, but stamp duty is charged on the higher of the two amounts.

Frequently asked questions

What is the current guideline value of Sudukadu Street?

The current guideline value of Sudukadu Street is Rs 2,530 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 163 per sq.ft in 2003 to Rs 2,530 per sq.ft in 2024, reflecting an overall increase of 1452% over this period.

What is the registration office for Sudukadu Street?

The registration office for Sudukadu Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Sudukadu Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 2,530 per sq.ft would incur a stamp duty of Rs 1,77,100.

What are the other streets in Kilkattalai with similar guideline values?

Other streets in Kilkattalai include Suguna Colony at Rs 2,200 per sq.ft, Subramaniya Nagar and Thenmozhi Nagar at Rs 2,530 per sq.ft, and S.R.V.S. Colony Extn and S.R.V.S. Colony at Rs 3,300 per sq.ft.