Guideline Value for Sudukadu Street

Sudukadu Street guideline value

The current guideline value of Sudukadu Street is Rs 2,160 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sudukadu Street has changed

The guideline value for Sudukadu Street has seen several revisions over the years. In 2003, the value was Rs 94 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2007, marking a change of +538%. The value then rose to Rs 2,000 per sq.ft in 2012, reflecting a substantial increase of +233%. However, in 2017, it dropped to Rs 1,340 per sq.ft, a decrease of -33%. The value then climbed to Rs 2,000 per sq.ft in 2023, with an increase of +49%, before reaching the current rate of Rs 2,160 per sq.ft in 2024, which is an increase of +8%.

It is important to note that there is no figure available for Sudukadu Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by +2,198%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, positioning Sudukadu Street's 2024 figure below that median.

• Suguna Colony: Rs 3,300 per sq.ft (2024)
• Suguna Colony Ext: Rs 3,300 per sq.ft (2024)
• Subramaniyar Koil North Street: Rs 3,300 per sq.ft (2024)
• Subramaniyar Koil 2nd Street: Rs 3,300 per sq.ft (2024)
• Subramaniyar Koil 1st Street: Rs 3,300 per sq.ft (2024)
• Subramaniya Nagar: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Sudukadu Street

For a 1,000 sq.ft plot at the current rate of Rs 2,160 per sq.ft, the guideline value amounts to Rs 21,60,000. The stamp duty at 7% would be Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, totaling Rs 1,94,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the land records.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This process helps maintain transparency and accountability in property transactions.

Frequently asked questions

What is the current guideline value of Sudukadu Street?

The current guideline value of Sudukadu Street is Rs 2,160 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 94 per sq.ft in 2003 to Rs 2,160 per sq.ft in 2024, reflecting an overall increase of +2,198%.

What are the other street values in Zaminpallavaram?

Other streets in Zaminpallavaram have guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft, with the median value being Rs 3,300 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, a property with a guideline value of Rs 21,60,000 would incur a stamp duty of Rs 1,51,200 and a registration fee of Rs 43,200.

Where can I find the Sub Registrar Office for Sudukadu Street?

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