Guideline Value for Sundarar Street

Sundarar Street guideline value

The current guideline value of Sundarar Street is Rs 2,310 per sq.ft, effective from 1 July 2024. This street is located in Perungalathur village under the Padappai SRO, classified as Residential Class II Type - I.

How the guideline value of Sundarar Street has changed

The guideline value of Sundarar Street has undergone several revisions over the years. The earliest recorded figure is from 2007, set at Rs 250 per sq.ft. This increased significantly to Rs 2,100 per sq.ft in 2012, marking a notable rise of 740%. However, the value then dropped to Rs 1,407 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value surged to Rs 2,100 per sq.ft, reflecting a substantial increase of 49%. The most recent revision in 2024 raised the value to Rs 2,310 per sq.ft, an increase of 10% from the previous year.

It is important to note that the register has no figures for Sundarar Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 824%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, which matches the current value of Sundarar Street.

• Sundaram Nagar: Rs 1,650 per sq.ft (2024)
• Sudukadu Road: Rs 1,650 per sq.ft (2024)
• Suvathini Apartments: Rs 1,650 per sq.ft (2024)
• Swarkam Avenue: Rs 2,640 per sq.ft (2024)
• Swarkkam Nagar: Rs 2,640 per sq.ft (2024)
• Subbammal Nagar: Rs 1,650 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 2,310 per sq.ft, the total guideline value amounts to Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, while the registration fee at 2% would be Rs 46,200. Together, the total cost for stamp duty and registration fee would be Rs 2,07,900. It is essential 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 details.

Which Sub Registrar Office covers Sundarar Street?

The Sub Registrar Office that covers Sundarar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Perungalathur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that the transaction is legally recognized and recorded.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Accurate knowledge of these values helps in better financial planning during the property transaction process.

Frequently asked questions

What is the current guideline value of Sundarar Street?

The current guideline value of Sundarar Street is Rs 2,310 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 250 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, marking an overall increase of 824% over the years.

What are the stamp duty and registration fees for property on Sundarar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 23,10,000. The stamp duty is Rs 1,61,700 and the registration fee is Rs 46,200, totaling Rs 2,07,900.

Which office handles property registrations for Sundarar Street?

The Padappai Sub Registrar Office handles property registrations for Sundarar Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is essential in determining the stamp duty and registration fees during property transactions. It ensures that the transaction is legally recognized and helps buyers and sellers plan their finances accordingly.