Guideline Value for Sundarar Street

Sundarar Street guideline value

The current guideline value of Sundarar Street in Rajakilpakkam village is Rs 1,300 per sq.ft, effective from 1 July 2024. This street falls under the Selaiyur Sub Registrar Office and is classified as Residential Class II Type - II.

How the guideline value of Sundarar Street has changed

The guideline value for Sundarar Street has seen several revisions over the years. The earliest available revision is from 2012, where the value was set at Rs 1,200 per sq.ft. In 2017, it decreased to Rs 804 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 1,300 per sq.ft, an increase of 8% from the previous year.

It is important to note that there are no figures available for Sundarar Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value in this area is Rs 2,150 per sq.ft, which means that Sundarar Street's 2024 figure is below that median.

• Sundar Avenue: Rs 1,900 per sq.ft (2024)
• Sundar Colony: Rs 1,300 per sq.ft (2024)
• Sundaram Colony Main Road: Rs 1,900 per sq.ft (2024)
• Sundaram Colony Extension: Rs 1,900 per sq.ft (2024)
• Sundaram Colony 2nd Street: Rs 1,900 per sq.ft (2024)
• Sundaram Colony 2nd Main Road: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sundarar Street?

The Sub Registrar Office that covers Sundarar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rajakilpakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs in the transaction. This ensures that the transaction is recorded accurately and legally, reflecting the appropriate value of the property.

Frequently asked questions

What is the current guideline value of Sundarar Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Sundarar Street?

Sundarar Street is classified as Residential Class II Type - II.

What is the registration office for Sundarar Street?

The registration office for Sundarar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the stamp duty calculated for properties in Sundarar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 91,000.