Guideline Value for Sundaram Salai East Street

Sundaram Salai East Street guideline value

The current guideline value of Sundaram Salai East Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kadaperi village and falls under the Tambaram Joint 1 SRO with a land classification of Residential Class I Type - III.

How the guideline value of Sundaram Salai East Street has changed

The guideline value for Sundaram Salai East Street has undergone several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 1,200 per sq.ft in 2023, before reaching the current rate of Rs 1,320 per sq.ft in 2024, a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 230%. The changes between the revisions are noteworthy, with a 49% increase from 2017 to 2023 and a 10% increase from 2023 to 2024.

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, with a median value of Rs 1,650 per sq.ft. Sundaram Salai East Street's 2024 guideline value is below this median.

• Sundaram Colony 1st Street: Rs 1,320 per sq.ft (2024)
• Sundaram Colony 2nd Street: Rs 1,320 per sq.ft (2024)
• Sundaram Colony 3rd Street: Rs 1,320 per sq.ft (2024)
• Sundaram Colony 4th Street: Rs 1,320 per sq.ft (2024)
• Sundaram Colony Main Road: 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 Salai East Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundaram Salai East Street?

The Sub Registrar Office that covers Sundaram Salai East Street is 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 plays a crucial role in the registration of property transactions in Kadaperi. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these fees are calculated accurately based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The guideline value serves as a reference point for property valuation and helps maintain transparency in real estate dealings.

Frequently asked questions

What is the current guideline value of Sundaram Salai East Street?

The current guideline value of Sundaram Salai East 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 changed from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting a total increase of 230%. Notable changes include a 200% increase from 2007 to 2012 and a 10% increase from 2023 to 2024.

What are the stamp duty and registration fees for property in Sundaram Salai East Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800 for these fees.

Which Sub Registrar Office covers this street?

The Tambaram Joint 1 Sub Registrar Office covers Sundaram Salai East Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of Sundaram Salai East Street?

Sundaram Salai East Street is classified as Residential Class I Type - III, which indicates its suitability for residential development.