Guideline Value for Sulthanpettai

Sulthanpettai guideline value

The current guideline value of Sulthanpettai is Rs 1,870 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Sulthanpettai has changed

The guideline value for Sulthanpettai has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% rise. The current 2024 revision further increased this value to Rs 1,870 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Mangadu -A

Mangadu -A contains 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 for the village is Rs 1,870 per sq.ft, which is equal to the current figure for Sulthanpettai.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, while the registration fee at 2% would be Rs 37,400. Together, these fees would total 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.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sulthanpettai?

The Sulthanpettai area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer and seller agree on a sale price, the guideline value will be compared to ensure that the registration is processed at the higher of the two values. This ensures compliance with local regulations and proper valuation of the property.

Frequently asked questions

What is the current guideline value of Sulthanpettai?

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

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, representing a total increase of 64% over these years.

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

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

What fees are associated with buying property in Sulthanpettai?

When buying property in Sulthanpettai, you will incur a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sulthanpettai?

The Sub Registrar Office for Sulthanpettai is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information online.