Guideline Value for Sultanpettai Street

Sultanpettai Street guideline value

The current guideline value of Sultanpettai 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 Sultanpettai Street has changed

The guideline value for Sultanpettai Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,870 per sq.ft, an increase from Rs 1,700 per sq.ft in the 2023 revision. This marks a 10% rise from the previous year.

Looking further back, the 2017 revision recorded a guideline value of Rs 1,139 per sq.ft. From 2017 to 2023, the value increased by 49%, and overall, from 2017 to 2024, there has been a total increase of 64%. Notably, there are no figures available for the revisions in 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 guideline value is Rs 1,870 per sq.ft, which is equal to the 2024 figure for Sultanpettai Street.

• Sultanpettai Bazzar Road: Rs 1,870 per sq.ft (2024)
• Sultan Nagar: Rs 1,870 per sq.ft (2024)
• Sulthanpettai: Rs 1,870 per sq.ft (2024)
• Sultanapettai South Street: 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 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, while the registration fee at 2% would be Rs 37,400, bringing the total fees together to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sultanpettai Street?

The Sub Registrar Office that covers Sultanpettai Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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 when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

Frequently asked questions

What is the current guideline value of Sultanpettai Street?

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

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, which is an overall increase of 64% over this period.

What are the other streets with the same guideline value in Mangadu -A?

Other streets in Mangadu -A with the same guideline value of Rs 1,870 per sq.ft in 2024 include Sultanpettai Bazzar Road, Sultan Nagar, Sulthanpettai, Sultanapettai South Street, and Sultanapettai Mosque Street.

What are the fees for registering a property in Sultanpettai Street?

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.

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

The Kunrathur Sub Registrar Office covers Sultanpettai Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.