Guideline Value for Sundaradas Street

Sundaradas Street guideline value

The current guideline value of Sundaradas Street in Mudichur village, under the Padappai SRO, is Rs 1,210 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Sundaradas Street has changed

The guideline value for Sundaradas Street has undergone several revisions over the years. In the 2012 revision, the value was Rs 1,100 per sq.ft. This was followed by a decrease to Rs 737 per sq.ft in the 2017 revision. The value then increased significantly to Rs 1,100 per sq.ft in the 2023 revision, and finally, it has risen to Rs 1,210 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

When examining the changes, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that Sundaradas Street's 2024 figure is below this median.

• Suraj Avenue: Rs 2,200 per sq.ft (2024)
• Suraj Avenue Extension: Rs 2,200 per sq.ft (2024)
• Swamy Nagar: Rs 3,630 per sq.ft (2024)
• Tambaram - Manimangalam Road: Rs 2,200 per sq.ft (2024)
• Tambaram Mudichur Co-Operative Mahanagar: Rs 3,650 per sq.ft (2024)
• Tambaram to Mudichur Road: Rs 3,630 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaradas Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, totaling Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundaradas Street?

The Sub Registrar Office that covers Sundaradas Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Mudichur, the guideline value is a crucial factor during the registration process. It serves as a benchmark to determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

The guideline value is used to calculate the total cost of registration, which includes both the stamp duty and registration fees. This ensures that the transaction reflects the official value set by the authorities, providing transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sundaradas Street?

The current guideline value of Sundaradas Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What is the land classification for Sundaradas Street?

Sundaradas Street is classified under Residential Class II Type - I, indicating its designation for residential use.

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

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Where can I find the Sub Registrar Office for Sundaradas Street?

The Sub Registrar Office for Sundaradas Street is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.