Guideline Value for Sundaram Medical Foundation survey No 229/2,230/3,230/4, 230/7a,230/8, Tsno 32 , Block No 27

Sundaram Medical Foundation Survey No 229/2,230/3,230/4, 230/7A,230/8, Tsno 32 , Block no 27 guideline value

The current guideline value for Sundaram Medical Foundation Survey No 229/2,230/3,230/4, 230/7A,230/8, Tsno 32 , Block no 27 is Rs 14,800 per sq.ft, effective from 1 July 2024. This property is located in Koyakbedu village and falls under the AnnaNagar SRO, classified as Commercial Class I Type - II.

How the guideline value of Sundaram Medical Foundation Survey No 229/2,230/3,230/4, 230/7A,230/8, Tsno 32 , Block no 27 has changed

The guideline value has seen several revisions over the years. In 2007, the value was Rs 4,000 per sq.ft, which increased significantly to Rs 13,500 per sq.ft in 2012, marking a remarkable increase of 238%. However, from 2012 to 2017, the value decreased to Rs 9,045 per sq.ft, a decline of 33%. The subsequent revision in 2023 raised the value to Rs 13,500 per sq.ft, followed by the latest increase to Rs 14,800 per sq.ft in 2024, which is a 10% rise from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 270%. The changes between the revisions highlight the fluctuations in property values over the years, reflecting various factors influencing the real estate market.

Guideline values in Koyakbedu

Koyakbedu has a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft as of 2024. The guideline value for Sundaram Medical Foundation Survey No 229/2,230/3,230/4, 230/7A,230/8, Tsno 32 , Block no 27 is above the median value of Rs 4,400 per sq.ft for the area.

• Sundaram Street: Rs 3,300 per sq.ft (2024)
• Sundara Vinayagar Street: Rs 4,900 per sq.ft (2024)
• Suriya Gandhi Street, Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Thamarai Street Brindavan Nagar: Rs 4,400 per sq.ft (2024)
• Srinivasa Nagar Main Road: Rs 4,900 per sq.ft (2024)
• Srinivasa Nagar Ist street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaram Medical Foundation Survey No 229/2,230/3,230/4, 230/7A,230/8, Tsno 32 , Block no 27

For a 1,000 sq.ft plot at the current guideline value of Rs 14,800 per sq.ft, the total guideline value amounts to Rs 1,48,00,000. The stamp duty at 7% would be Rs 10,36,000, while the registration fee at 2% would be Rs 2,96,000. Together, the total cost for these fees would be Rs 13,32,000. 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 further calculations.

Which Sub Registrar Office covers Sundaram Medical Foundation Survey No 229/2,230/3,230/4, 230/7A,230/8, Tsno 32 , Block no 27?

The Sub Registrar Office that covers Sundaram Medical Foundation Survey No 229/2,230/3,230/4, 230/7A,230/8, Tsno 32 , Block no 27 is the AnnaNagar Sub Registrar Office. The office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Koyakbedu. 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 and to avoid any legal issues during the transaction.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the taxes collected are based on the established guideline value, which reflects the current market conditions for the area.

Frequently asked questions

What is the current guideline value for Sundaram Medical Foundation Survey No 229/2,230/3,230/4, 230/7A,230/8, Tsno 32 , Block no 27?

The current guideline value for Sundaram Medical Foundation Survey No 229/2,230/3,230/4, 230/7A,230/8, Tsno 32 , Block no 27 is Rs 14,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 4,000 per sq.ft in 2007 to Rs 14,800 per sq.ft in 2024, reflecting an overall increase of 270% over the years.

What is the land classification for this property?

The land classification for Sundaram Medical Foundation Survey No 229/2,230/3,230/4, 230/7A,230/8, Tsno 32 , Block no 27 is Commercial Class I Type - II.

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

The stamp duty for a property valued at Rs 1,48,00,000 would be Rs 10,36,000, while the registration fee would be Rs 2,96,000, totaling Rs 13,32,000.

Where is the Sub Registrar Office located for this property?

The Sub Registrar Office covering this property is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.