Guideline Value for Sundara Rajan Main Road

Sundara Rajan Main Road guideline value

The current guideline value of Sundara Rajan Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Madipakkam-1 village under the Velacheri SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Sundara Rajan Main Road has changed

Over the years, the guideline value of Sundara Rajan Main Road has seen significant changes. The 2017 revision set the value at Rs 1,675 per sq.ft, and the latest 2024 revision increased it to Rs 2,750 per sq.ft, marking a change of +64% from the previous figure. The register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

To summarize the revisions, the 2017 guideline value was Rs 1,675 per sq.ft, and the 2024 revision raised it to Rs 2,750 per sq.ft. This increase reflects the current median guideline value for Madipakkam-1, which is also Rs 2,750 per sq.ft.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets recorded under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,750 per sq.ft, which is equal to the current value of Sundara Rajan Main Road.

• Subramaniyan Nagar Extn: Rs 2,200 per sq.ft (2024)
• Subramaniyan Nagar: Rs 2,200 per sq.ft (2024)
• Subramaniyam Nagar: Rs 2,200 per sq.ft (2024)
• Swaminathan Street, Ramurthi Nagar: Rs 2,750 per sq.ft (2024)
• Swamy Nagar Anjaneyar Koil Street: Rs 2,750 per sq.ft (2024)
• Swamy Nagar Extension: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sundara Rajan Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundara Rajan Main Road?

The Sundara Rajan Main Road falls under the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is a crucial factor in the registration process of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency in the transaction.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for legal documentation. 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 Sundara Rajan Main Road?

The current guideline value of Sundara Rajan Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft, which is a change of +64%.

Are there any years without a guideline value for Sundara Rajan Main Road?

Yes, the register has no figure for Sundara Rajan Main Road for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft, which is equal to the current value of Sundara Rajan Main Road.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.