Guideline Value for Sundar Avenue

Sundar Avenue guideline value

The current guideline value of Sundar Avenue in Chembakkam village is Rs 950 per sq.ft, effective from the 2024 revision. This area falls under the Selaiyur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Sundar Avenue has changed

In the 2012 revision, the guideline value was Rs 900 per sq.ft. This value remained unchanged until the 2017 revision, where it decreased to Rs 603 per sq.ft, representing a decline of 33%. Following this, the value saw a significant increase to Rs 900 per sq.ft in the 2023 revision, and further increased to Rs 950 per sq.ft in the 2024 revision, marking a 6% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 6%. The revisions for the years 2002, 2003, and 2007 have no figures listed for Sundar Avenue in the register.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, which means that Sundar Avenue's 2024 figure of Rs 950 per sq.ft is below this median.

• State Bank Colony 2nd Street: Rs 1,300 per sq.ft (2024)
• State Bank Colony 1st Street: Rs 1,300 per sq.ft (2024)
• Thangammal Avenue: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar 1st Street: Rs 3,300 per sq.ft (2024)
• Tharangeswari Nagar 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sundar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total fees together to Rs 85,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sundar Avenue?

The Sub Registrar Office that covers Sundar Avenue is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chembakkam. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of their financial obligations. This value helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sundar Avenue?

The current guideline value of Sundar Avenue is Rs 950 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification of Sundar Avenue?

Sundar Avenue is classified as Residential Class IV Type - I.

What is the median guideline value in Chembakkam?

The median guideline value for streets in Chembakkam is Rs 2,200 per sq.ft, which is higher than the current guideline value of Sundar Avenue.

Where can I find the Sub Registrar Office for Sundar Avenue?

The Sub Registrar Office for Sundar Avenue is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.