Guideline Value for Sundaram Colony 3rd Street

Sundaram Colony 3rd Street guideline value

The current guideline value of Sundaram Colony 3rd Street in Kadaperi village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Sundaram Colony 3rd Street has changed

In the 2007 revision, the guideline value was set at Rs 400 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,200 per sq.ft, marking a 200% increase. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, which was a decline of 33%. The subsequent 2023 revision brought the value back up to Rs 1,200 per sq.ft, and the latest revision in 2024 set it at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 230%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Sundaram Colony 3rd Street's 2024 guideline value below this median.

• Sundaram Colony 4th Street: Rs 1,320 per sq.ft (2024)
• Sundaram Colony 2nd Street: Rs 1,320 per sq.ft (2024)
• Sundaram Colony Main Road: Rs 1,320 per sq.ft (2024)
• Sundaram Colony 1st Street: Rs 1,320 per sq.ft (2024)
• Sundaram Salai East Street: Rs 1,320 per sq.ft (2024)
• Subramania Barathi Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaram Colony 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that 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 Sundaram Colony 3rd Street?

The Sundaram Colony 3rd Street is covered by the Tambaram Joint 1 Sub Registrar Office located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Kadaperi. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair price, which is critical for legal and tax purposes. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sundaram Colony 3rd Street?

The current guideline value of Sundaram Colony 3rd Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 230% since 2007.

What are the other streets with the same guideline value?

Several other streets in Kadaperi have the same guideline value of Rs 1,320 per sq.ft for 2024, including Sundaram Colony 1st Street, 2nd Street, 4th Street, Sundaram Colony Main Road, Sundaram Salai East Street, and Subramania Barathi Street.

Where is the Tambaram Joint 1 SRO located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sundaram Colony 3rd Street?

Stamp duty for properties in Sundaram Colony 3rd Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.