Guideline Value for Sundarapuram 3rd stret

Sundarapuram 3rd stret guideline value

The current guideline value of Sundarapuram 3rd stret is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village, under the Periamet Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - I.

How the guideline value of Sundarapuram 3rd stret has changed

The guideline value for Sundarapuram 3rd stret has seen several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 317%. However, the value dropped to Rs 1,675 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the most recent 2024 revision set it at Rs 2,700 per sq.ft, an increase of 8% from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register. The overall change from the 2007 revision to the 2024 revision shows a significant increase of 350%.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 22,000 per sq.ft. The median value for these streets is Rs 4,800 per sq.ft, indicating that the guideline value for Sundarapuram 3rd stret is below this median.

• Sundarapuram 2nd street: Rs 2,700 per sq.ft (2024)
• Sundarapuram 4th street: Rs 2,700 per sq.ft (2024)
• Sundarapuram 1st street: Rs 2,700 per sq.ft (2024)
• sundarajaperumal Koil street: Rs 4,400 per sq.ft (2024)
• Sydenhams Road: Rs 13,000 per sq.ft (2024)
• Subbaiya Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarapuram 3rd stret

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total fees Rs 2,43,000. It is important 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 precise calculations.

Which Sub Registrar Office covers Sundarapuram 3rd stret?

The Sub Registrar Office that covers Sundarapuram 3rd stret is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vepery. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

Frequently asked questions

What is the current guideline value of Sundarapuram 3rd stret?

The current guideline value of Sundarapuram 3rd stret is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 350% over the years.

What is the land classification for Sundarapuram 3rd stret?

The land classification for Sundarapuram 3rd stret is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Sundarapuram 3rd stret?

The Sub Registrar Office for Sundarapuram 3rd stret is located at 1103, Poonamallee High Road, Chennai-600 003.

How is the stamp duty calculated for properties in Sundarapuram 3rd stret?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.