Guideline Value for Sundar Street

Sundar Street guideline value

The current guideline value of Sundar Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class IV Type - II.

How the guideline value of Sundar Street has changed

The guideline value for Sundar Street has seen several revisions over the years. The earliest recorded figure is from 2007, when the value was Rs 620 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 384%. However, in 2017, the value dropped to Rs 2,010 per sq.ft, a decrease of 33%. The most recent revision in 2024 has set the value at Rs 3,300 per sq.ft, representing an increase of 64% from 2017. The overall change from 2007 to 2024 is an increase of 432%.

There are no recorded figures for the years 2023, 2003, and 2002 for Sundar Street in the register.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Sundar Street's 2024 figure below this median.

• Sunday Observer Balasubramaniyam Street: Rs 4,900 per sq.ft (2024)
• Sundaramurthy Street Block 79: Rs 4,100 per sq.ft (2024)
• Sundaramurthy Street: Rs 4,100 per sq.ft (2024)
• Sundaram Street: Rs 4,100 per sq.ft (2024)
• Susila Street: Rs 4,100 per sq.ft (2024)
• S.V. Chidambaram Salai Block 78: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sundar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundar Street?

The Sub Registrar Office that covers Sundar Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

When buying or selling property in Kodambakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is documented at a value recognized by the government.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The higher value between the guideline and sale price will be used to determine the applicable duties and fees, making it essential to understand these figures before proceeding with any transaction.

Frequently asked questions

What is the current guideline value of Sundar Street?

The current guideline value of Sundar Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 620 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 432% over this period.

What are the stamp duty and registration fees for property in Sundar Street?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Sundar Street?

The Ashok Nagar Sub Registrar Office covers Sundar Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification of Sundar Street?

Sundar Street is classified as Residential Class IV Type - II, indicating its designation for residential purposes within the Kodambakkam area.