Guideline Value for Sukilachavadi

Sukilachavadi guideline value

The current guideline value of Sukilachavadi, located in Thiruneermalai village under the Pammal SRO, is Rs 2,420 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Class I Type - I.

How the guideline value of Sukilachavadi has changed

The guideline value for Sukilachavadi has undergone several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 1,474 per sq.ft. This value increased significantly to Rs 2,200 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 saw the guideline value rise to Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, which is the same as the current value for Sukilachavadi.

• Subburaya Nagar 8th Street: Rs 2,420 per sq.ft (2024)
• Subburaya Nagar 7th Street: Rs 2,420 per sq.ft (2024)
• Subburaya Nagar 6th Street: Rs 2,420 per sq.ft (2024)
• Subburaya Nagar 5th Street: Rs 2,420 per sq.ft (2024)
• Subburaya Nagar 4th Street: Rs 2,420 per sq.ft (2024)
• Subburaya Nagar 3rd Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Sukilachavadi

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sukilachavadi?

The Sukilachavadi area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Thiruneermalai

The guideline value is a critical factor during the registration of property transactions in Thiruneermalai. It helps determine the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When a property is bought or sold, the guideline value serves as a reference point for calculating the applicable duties. Buyers should be aware that the stamp duty is charged based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sukilachavadi?

The current guideline value of Sukilachavadi is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,474 per sq.ft to Rs 2,420 per sq.ft in 2024, reflecting a total increase of 64% over the years.

What are the stamp duty and registration fees in Sukilachavadi?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a plot valued at Rs 24,20,000, the total stamp duty and registration fees would be Rs 2,17,800.

Which office handles registrations for Sukilachavadi?

The Pammal Sub Registrar Office handles registrations for Sukilachavadi, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the fees are based on a standardized value set by the authorities.