Guideline Value for Sundar Rao Street

Sundar Rao Street guideline value

The current guideline value of Sundar Rao Street is Rs 3,400 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Sundar Rao Street has changed

According to the guideline value register, there are no figures available for Sundar Rao Street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The latest revision in 2024 shows the guideline value at Rs 3,400 per sq.ft.

As there have been no figures recorded for Sundar Rao Street in the previous revisions, it is evident that the guideline value has remained unchanged in the register for this street across those years.

Guideline values in Egmore

In Egmore, there are 465 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. Sundar Rao Street's 2024 figure of Rs 3,400 per sq.ft is below this median.

• Sundarrj Street: Rs 8,300 per sq.ft (2024)
• Sulaiman Zachiariya street: Rs 8,300 per sq.ft (2024)
• syful mulk Nawab 1st lane: Rs 7,100 per sq.ft (2024)
• Syful mulk Nawab 2ndlane: Rs 7,100 per sq.ft (2024)
• Syful Mulk Nawab Street: Rs 7,100 per sq.ft (2024)
• Tailors lane: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sundar Rao Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total fees together to Rs 3,06,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundar Rao Street?

The Sub Registrar Office that covers Sundar Rao Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Egmore, as it determines the minimum value at which a property can be registered. It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration norms.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sundar Rao Street?

The current guideline value of Sundar Rao Street is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for Sundar Rao Street for the years 2023, 2017, 2012, 2007, 2003, and 2002. The most recent figure is from the 2024 revision, which is Rs 3,400 per sq.ft.

What is the land classification of Sundar Rao Street?

Sundar Rao Street falls under the Residential Class III Type - II land classification, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Sundar Rao Street?

The Sub Registrar Office covering Sundar Rao Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated on properties in Egmore?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000 at 7%.