Guideline Value for Sundaramurthy Street Block 79

Sundaramurthy Street Block 79 guideline value

The current guideline value of Sundaramurthy Street Block 79 is Rs 4,100 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sundaramurthy Street Block 79 has changed

The guideline value for Sundaramurthy Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 800 per sq.ft. This increased significantly to Rs 3,750 per sq.ft in 2012, marking a rise of 369%. However, from 2012 to 2017, the value dropped by 33% to Rs 2,512 per sq.ft. The most recent revision in 2024 shows a substantial increase of 63% from the 2017 figure, bringing the value to Rs 4,100 per sq.ft.

It is important to note that there are no recorded figures for Sundaramurthy Street in the years 2023, 2003, and 2002. Overall, from 2007 to 2024, the guideline value has increased by 413%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, which means Sundaramurthy Street's 2024 figure is below that median.

• Sundaramurthy Street: Rs 4,100 per sq.ft (2024)
• Sundaram Street: Rs 4,100 per sq.ft (2024)
• Sundar Street: Rs 3,300 per sq.ft (2024)
• Sunday Observer Balasubramaniyam Street: Rs 4,900 per sq.ft (2024)
• Subramaniya Siva Street(3rd Street): Rs 3,300 per sq.ft (2024)
• Subramaniyan Street (Salai): Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sundaramurthy Street Block 79

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, while the registration fee at 2% would be Rs 82,000, resulting in a total of Rs 3,69,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sundaramurthy Street Block 79?

The Sub Registrar Office that covers Sundaramurthy Street Block 79 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sundaramurthy Street Block 79?

The current guideline value of Sundaramurthy Street Block 79 is Rs 4,100 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 800 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, marking an overall increase of 413%.

What are the stamp duty and registration fees for property in Sundaramurthy Street?

For a property valued at Rs 41,00,000, the stamp duty would be Rs 2,87,000 and the registration fee would be Rs 82,000, totaling Rs 3,69,000.

Which office handles registrations for Sundaramurthy Street Block 79?

The Ashok Nagar Sub Registrar Office is responsible for registrations in Sundaramurthy Street Block 79, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Sundaramurthy Street Block 79?

The land classification for Sundaramurthy Street Block 79 is Residential Class IV Type - I.