Guideline Value

Corporate

Guideline Value for Sultan House 2nd Santhu

₹650/sq.ft.

The guideline value for Sultan House 2nd Santhu in Moonramkattalai village (Kunrathur SRO, Chennai zone) is Rs 650 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Moonramkattalai

Village

Kunrathur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹650 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sultan House 2nd Santhu

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Sultan House 2nd Santhu guideline value

The current guideline value of Sultan House 2nd Santhu is Rs 650 per sq.ft, effective from 1 July 2024. This property is located in Moonramkattalai village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sultan House 2nd Santhu has changed

The guideline value for Sultan House 2nd Santhu has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 150 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a rise of 300%. However, in the 2017 revision, it decreased to Rs 402 per sq.ft, a decline of 33%. The value then rose to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 650 per sq.ft in the 2024 revision, reflecting an 8% increase.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 333%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Moonramkattalai

In Moonramkattalai, there are 43 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 650 to Rs 2,750 per sq.ft. The median guideline value in this area is Rs 650 per sq.ft, which is equal to the current value of Sultan House 2nd Santhu.

Stamp duty and registration fee for property in Sultan House 2nd Santhu

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value would be Rs 6,50,000. The stamp duty at 7% would amount to Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total fees together to Rs 58,500. 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 more details.

Which Sub Registrar Office covers Sultan House 2nd Santhu?

The Sultan House 2nd Santhu area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Moonramkattalai, as it determines the minimum price at which a property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both parties in a transaction adhere to the legal requirements set by the government.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sultan House 2nd Santhu?

The current guideline value of Sultan House 2nd Santhu is Rs 650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 650 per sq.ft in 2024, marking an overall increase of 333% over the years.

What is the land classification for Sultan House 2nd Santhu?

Sultan House 2nd Santhu is classified as Residential Class I Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 6,50,000, the stamp duty would be Rs 45,500 and the registration fee would be Rs 13,000, totaling Rs 58,500.

Which office handles registrations for Sultan House 2nd Santhu?

The Kunrathur Sub Registrar Office handles registrations for Sultan House 2nd Santhu, located at No.59, Road Street, Kundrathur, Chennai -600 069.