Guideline Value for Sundaram Colony 6th Street

Sundaram Colony 6th Street guideline value

The current guideline value of Sundaram Colony 6th Street is Rs 2,900 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sundaram Colony 6th Street has changed

The guideline value for Sundaram Colony 6th Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,809 per sq.ft. The 2023 revision increased the value to Rs 2,700 per sq.ft, and the latest revision in 2024 raised it to Rs 2,900 per sq.ft, marking a 7% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

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, with a median value of Rs 2,200 per sq.ft. The guideline value of Sundaram Colony 6th Street is above this median.

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

Stamp duty and registration fee for property in Sundaram Colony 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,900 per sq.ft, the total guideline value would be 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, bringing the total to Rs 2,61,000. It is important to note that 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 Sundaram Colony 6th Street?

The Sub Registrar Office that covers Sundaram Colony 6th 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, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Selaiyur, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This value serves as a benchmark for the transaction and is crucial for both buyers and sellers to understand their financial obligations.

It is essential to be aware that the guideline value can vary from street to street, and it is advisable to check the latest figures before proceeding with any property transaction. This ensures that all parties are informed of the applicable costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Sundaram Colony 6th Street?

The current guideline value of Sundaram Colony 6th 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, reflecting a 7% increase. The value has seen significant changes from Rs 1,809 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2023, marking a 49% increase.

What are the stamp duty and registration fees for property in Sundaram Colony 6th Street?

For a 1,000 sq.ft plot, the stamp duty would be Rs 2,03,000, and the registration fee would be Rs 58,000, totaling Rs 2,61,000. These fees are based on the guideline value of Rs 29,00,000.

Which Sub Registrar Office covers Sundaram Colony 6th Street?

The Selaiyur Sub Registrar Office covers Sundaram Colony 6th Street. It is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the land classification of Sundaram Colony 6th Street?

The land classification of Sundaram Colony 6th Street is Residential Special Type - I, which indicates its intended use for residential purposes.