Guideline Value for Sundaramoorthy Avenue

Sundaramoorthy Avenue guideline value

The current guideline value of Sundaramoorthy Avenue is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Valarpuram village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Sundaramoorthy Avenue has changed

The guideline value for Sundaramoorthy Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 300 per sq.ft. The 2024 revision maintained this value, showing no change from the previous year.

In total, the guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with the 2023 to 2024 revision reflecting a 0% change. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft, with a median value of Rs 300 per sq.ft. Sundaramoorthy Avenue's 2024 guideline value is equal to this median.

• Sundara Vinayagar Nagar: Rs 200 per sq.ft (2024)
• Subham Extension: Rs 700 per sq.ft (2024)
• Subham: Rs 700 per sq.ft (2024)
• Telugu Nagar Colony: Rs 200 per sq.ft (2024)
• SSV Nagar: Rs 300 per sq.ft (2024)
• S.S.A. Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaramoorthy Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundaramoorthy Avenue?

The Sub Registrar Office that covers Sundaramoorthy Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Valarpuram. It determines the minimum value at which properties can be registered, ensuring that the government collects the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in assessing the value of the property and ensures transparency in the registration process, as the fees are calculated based on this established value.

Frequently asked questions

What is the current guideline value of Sundaramoorthy Avenue?

The current guideline value of Sundaramoorthy Avenue is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a drop to Rs 201 per sq.ft in 2017 before returning to Rs 300 per sq.ft in 2023.

What is the land classification of Sundaramoorthy Avenue?

Sundaramoorthy Avenue is classified as Residential Class II Type - I.

Where can I find the registration office for Sundaramoorthy Avenue?

The registration office for Sundaramoorthy Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sundaramoorthy Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For a property at the guideline value of Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%.