Guideline Value for Sundaraj Street (Kannada Palayam)

Sundaraj Street (Kannada Palayam) guideline value

The current guideline value of Sundaraj Street (Kannada Palayam) is Rs 806 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Sundaraj Street (Kannada Palayam) has changed

The guideline value for Sundaraj Street (Kannada Palayam) has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which then decreased by 33% to Rs 402 per sq.ft in 2017. The value increased significantly by 100% in 2023, reaching Rs 806 per sq.ft, and remained unchanged in 2024.

There are no figures available for the revisions in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Sundaraj Street (Kannada Palayam) below the median.

• Sundaraperumal Koil Street (Kanadapalayam): Rs 806 per sq.ft (2024)
• Sudhasanam Nagar: Rs 803 per sq.ft (2024)
• Sudharsanam Nagar -3: Rs 803 per sq.ft (2024)
• Sunnambu Kuttai: Rs 806 per sq.ft (2024)
• Subbukilari Street: Rs 880 per sq.ft (2024)
• S.V. Nagar: Rs 803 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaraj Street (Kannada Palayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total cost for these fees to Rs 72,540. 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 Sundaraj Street (Kannada Palayam)?

The Sub Registrar Office that covers Sundaraj Street (Kannada Palayam) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the necessary fees, ensuring that the registration process is compliant with local regulations. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Sundaraj Street (Kannada Palayam)?

The current guideline value of Sundaraj Street (Kannada Palayam) is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 806 per sq.ft in 2023 and remained the same in 2024.

What is the classification of land on Sundaraj Street (Kannada Palayam)?

The land on Sundaraj Street (Kannada Palayam) is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Sundaraj Street (Kannada Palayam)?

The Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.