Guideline Value for Sultanapettai South Street

Sultanapettai South Street guideline value

The current guideline value of Sultanapettai South Street is Rs 1,870 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Sultanapettai South Street has changed

In the 2017 revision, the guideline value was Rs 1,139 per sq.ft. This increased to Rs 1,700 per sq.ft in the 2023 revision, marking a significant increase of 49%. The most recent revision in 2024 shows a further increase to Rs 1,870 per sq.ft, which represents a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, which is equal to the guideline value of Sultanapettai South Street.

• Sultanapettai Mosque Street: Rs 1,870 per sq.ft (2024)
• Sultan Nagar: Rs 1,870 per sq.ft (2024)
• Sultanpettai Bazzar Road: Rs 1,870 per sq.ft (2024)
• Sultanpettai Street: Rs 1,870 per sq.ft (2024)
• Sulthanpettai: Rs 1,870 per sq.ft (2024)
• Subha Mangala Nagar: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sultanapettai South Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, making the total cost for these fees Rs 1,68,300. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sultanapettai South Street?

The Sultanapettai South Street falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further details.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor in the registration process for property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the state collects the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sultanapettai South Street?

The current guideline value of Sultanapettai South Street is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The most recent change was a 10% increase from Rs 1,700 per sq.ft in 2023 to Rs 1,870 per sq.ft in 2024.

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

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300. These fees are based on the higher of the guideline value or the sale price.

Which office handles property registrations for Sultanapettai South Street?

The Kunrathur Sub Registrar Office handles property registrations for Sultanapettai South Street. It is located at No.59, Road Street, Kundrathur, Chennai -600 069.

Are there other streets with the same guideline value in Mangadu -A?

Yes, several other streets in Mangadu -A also have the same guideline value of Rs 1,870 per sq.ft for 2024, including Sultanapettai Mosque Street, Sultan Nagar, Sultanpettai Bazzar Road, Sultanpettai Street, and Sulthanpettai.