Guideline Value for Sundar Colony

Sundar Colony guideline value

The current guideline value of Sundar Colony, located in Rajakilpakkam village, is Rs 1,300 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Selaiyur SRO and is classified as Residential Class II Type - II.

How the guideline value of Sundar Colony has changed

The guideline value for Sundar Colony has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease of 33% to Rs 804 per sq.ft. The value then increased significantly by 49% to Rs 1,200 per sq.ft in 2023, before rising again to Rs 1,300 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that have a guideline value for 2024, 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, placing Sundar Colony's 2024 figure below that median.

• Sundar Avenue: Rs 1,900 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 Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to 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 Sundar Colony?

The Sub Registrar Office that covers Sundar Colony 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 Rajakilpakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the property is not undervalued during the transaction.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sundar Colony?

The current guideline value of Sundar Colony is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification of Sundar Colony?

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

Where can I find the Selaiyur Sub Registrar Office?

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 is stamp duty calculated in Sundar Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 13,00,000, the stamp duty at 7% would be Rs 91,000.