Guideline Value

Corporate

Guideline Value for Sundara Vinayagar Nagar

₹550/sq.ft.

The guideline value for Sundara Vinayagar Nagar in Sundaracholavaram village (Kunrathur SRO, Chennai zone) is Rs 550 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sundaracholavaram

Village

Kunrathur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹550 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹335 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹250 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sundara Vinayagar Nagar

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Sundara Vinayagar Nagar guideline value

The current guideline value of Sundara Vinayagar Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Sundaracholavaram village under the Kunrathur Sub Registrar Office (SRO), and is classified as Residential Class II Type - I.

How the guideline value of Sundara Vinayagar Nagar has changed

The guideline value for Sundara Vinayagar Nagar has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The next revision in 2023 raised the guideline value to Rs 500 per sq.ft, and the most recent revision in 2024 set it at Rs 550 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%, and from 2023 to 2024, there was a further increase of 10%. Overall, from 2007 to 2024, the guideline value has risen by 120%.

Guideline values in Sundaracholavaram

In Sundaracholavaram village, there are 57 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft. The median value for these streets is Rs 660 per sq.ft, making the guideline value of Sundara Vinayagar Nagar below the median.

Stamp duty and registration fee for property in Sundara Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty, charged at 7%, would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, bringing the total charges to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Sundara Vinayagar Nagar?

The Sub Registrar Office that covers Sundara Vinayagar Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Sundaracholavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer and seller agree on a sale price, the guideline value is compared to this price, and the higher amount is used to calculate the applicable duties. This ensures that the registration process is transparent and that the government receives revenue based on the actual value of the transaction.

Frequently asked questions

What is the current guideline value of Sundara Vinayagar Nagar?

The current guideline value of Sundara Vinayagar Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, marking an overall increase of 120% over this period.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Sundara Vinayagar Nagar is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for properties in Sundaracholavaram?

The guideline value is determined by the government and is based on various factors, including land classification and historical data. It is used as a benchmark for property registration and to calculate stamp duty and registration fees.