Guideline Value for Sultanpettai Bazzar Road

Sultanpettai Bazzar Road guideline value

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

How the guideline value of Sultanpettai Bazzar Road has changed

The guideline value for Sultanpettai Bazzar Road has seen significant changes over the years. In the 2017 revision, the value was Rs 1,139 per sq.ft. This increased to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 set the value at Rs 1,870 per sq.ft, which is a 10% increase 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

Mangadu -A consists of 208 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,870 per sq.ft, which is equal to the 2024 figure for Sultanpettai Bazzar Road.

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

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 1,68,300. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sultanpettai Bazzar Road?

The Sub Registrar Office covering Sultanpettai Bazzar Road is 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 Mangadu -A

The guideline value is a crucial factor when registering property transactions in Mangadu -A. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be sold. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sultanpettai Bazzar Road?

The current guideline value of Sultanpettai Bazzar Road is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024.

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

The stamp duty for a property valued at Rs 18,70,000 is Rs 1,30,900, while the registration fee is Rs 37,400, totaling Rs 1,68,300.

Which Sub Registrar Office is responsible for Sultanpettai Bazzar Road?

The Kunrathur Sub Registrar Office is responsible for Sultanpettai Bazzar Road, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Mangadu -A?

The median guideline value for streets in Mangadu -A is Rs 1,870 per sq.ft, which is also the current value for Sultanpettai Bazzar Road.