Guideline Value for Sundaram Colony 5th Cross Street

Sundaram Colony 5th Cross Street guideline value

The current guideline value of Sundaram Colony 5th Cross Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sundaram Colony 5th Cross Street has changed

The guideline value for Sundaram Colony 5th Cross Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,900 per sq.ft, an increase from Rs 2,700 per sq.ft in 2023, marking a 7% rise. Prior to that, in 2017, the value was Rs 1,809 per sq.ft, which shows a significant increase of 49% to the 2023 figure. The 2012 revision also had a guideline value of Rs 2,700 per sq.ft, but this was a decrease of 33% from the 2017 figure. The register has no figure for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the current 2024 figure, there has been a total increase of 7%. This indicates fluctuations in the guideline value over the years, reflecting changes in the property landscape in the area.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sundaram Colony 5th Cross Street's 2024 figure above this median.

• Sundaram Colony 5th Street: Rs 2,900 per sq.ft (2024)
• Sundaram Colony 4th Street: Rs 2,900 per sq.ft (2024)
• Sundaram Colony 6th Cross Street: Rs 2,900 per sq.ft (2024)
• Sundaram Colony 4th Cross Street: Rs 2,900 per sq.ft (2024)
• Sundaram Colony 6th Street: Rs 2,900 per sq.ft (2024)
• Sundaram Colony Andal Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaram Colony 5th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value amounts to Rs 29,00,000. The stamp duty at 7% would be Rs 2,03,000, and the registration fee at 2% would be Rs 58,000, making the total cost for these fees Rs 2,61,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sundaram Colony 5th Cross Street?

The Sub Registrar Office that covers Sundaram Colony 5th Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

The guideline value plays a crucial role during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sundaram Colony 5th Cross Street?

The current guideline value of Sundaram Colony 5th Cross Street is Rs 2,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,700 per sq.ft in 2023 to Rs 2,900 per sq.ft in 2024. It was Rs 1,809 per sq.ft in 2017 and Rs 2,700 per sq.ft in 2012.

What is the land classification of Sundaram Colony 5th Cross Street?

The land classification for Sundaram Colony 5th Cross Street is Residential Special Type - I.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Sundaram Colony 5th Cross Street?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 2,03,000.