Guideline Value

Corporate

Guideline Value for Sundaram Nagar

₹1200/sq.ft.

The guideline value for Sundaram Nagar in Venkatapuram village (Kunrathur SRO, Chennai zone) is Rs 1200 per sq.ft, effective 1 July 2024. It was Rs 1100 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹1200 /sq.ft.
From 1-4-2023 ₹1100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1100 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹54 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹49 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sundaram Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sundaram Nagar guideline value

The current guideline value of Sundaram Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Venkatapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sundaram Nagar has changed

The guideline value for Sundaram Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 49 per sq.ft, which increased to Rs 54 per sq.ft in 2003. The value then rose substantially to Rs 300 per sq.ft in 2007, marking a 456% increase from 2003. By 2012, the value remained at Rs 1,100 per sq.ft, but then it decreased to Rs 737 per sq.ft in 2017, reflecting a decline of 33%.

In 2023, the guideline value was Rs 1,100 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2024 revision, representing a 9% increase. Overall, from 2002 to 2024, the guideline value has increased by 2349%. There are no figures available for the revisions in the years not mentioned.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which is the same as the current guideline value for Sundaram Nagar.

Stamp duty and registration fee for property in Sundaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000. Together, the total cost for these fees would be Rs 1,08,000. 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 Nagar?

The Sub Registrar Office that covers Sundaram Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Venkatapuram. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the established values for the area.

When buying or selling property, the guideline value helps determine the official value of the transaction, which is essential for legal documentation and compliance. Buyers and sellers should be aware of the current guideline value to ensure they are informed throughout the registration process.

Frequently asked questions

What is the current guideline value of Sundaram Nagar?

The current guideline value of Sundaram Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 49 per sq.ft in 2002 to Rs 1,200 per sq.ft in 2024, reflecting an overall increase of 2349% over this period.

What are the other streets in Venkatapuram with the same guideline value?

Other streets in Venkatapuram with a guideline value of Rs 1,200 per sq.ft in 2024 include Sri Ranganathan Nagar Extn, Sri Ranganathan Nagar, and several streets in the Sri Manigandan Nagar area.

What fees are associated with property registration in Sundaram Nagar?

The fees associated with property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sundaram Nagar?

The Sub Registrar Office for Sundaram Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information online.