Guideline Value for Sundar Avenue

Sundar Avenue guideline value

The current guideline value of Sundar Avenue, located in Rajakilpakkam village under the Selaiyur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Sundar Avenue has changed

The guideline value for Sundar Avenue has seen several revisions over the years. The 2012 revision recorded a value of Rs 1,800 per sq.ft, which then dropped to Rs 1,206 per sq.ft in 2017, marking a decrease of 33%. However, the value significantly increased by 49% to Rs 1,800 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from 2012 to 2024 shows a modest increase of 6%, indicating fluctuations in the guideline value over the years.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, making the current value of Sundar Avenue below this median.

• Sundar Colony: Rs 1,300 per sq.ft (2024)
• Sundarar Street: Rs 1,300 per sq.ft (2024)
• Sundaram Colony Main Road: Rs 1,900 per sq.ft (2024)
• Sundaram Colony Extension: Rs 1,900 per sq.ft (2024)
• Sundaram Colony 2nd Street: Rs 1,900 per sq.ft (2024)
• Sundaram Colony 2nd Main Road: Rs 1,900 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 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, while the registration fee at 2% would be Rs 38,000. Together, the total cost for stamp duty and registration would be Rs 1,71,000. Please note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sundar Avenue?

The Sub Registrar Office covering 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, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Rajakilpakkam. It serves as the minimum benchmark for the registration of property sales, ensuring that the transaction is recorded at a value that reflects the prevailing market conditions as determined by the Registration Department.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sundar Avenue?

The current guideline value of Sundar Avenue is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Sundar Avenue?

Sundar Avenue is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where is the Selaiyur Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,900 per sq.ft incurs a total guideline value of Rs 19,00,000, leading to specific fees based on that amount.