Guideline Value for Sundarrajan Street

Sundarrajan Street guideline value

The current guideline value of Sundarrajan Street in Menambedu village, under the Ambattur SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Special Type - I.

How the guideline value of Sundarrajan Street has changed

The guideline value for Sundarrajan Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,600 per sq.ft, which then decreased to Rs 1,072 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,600 per sq.ft in the 2023 revision, and finally reached Rs 1,700 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a slight increase of 6%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Menambedu

In Menambedu, there are 171 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,680 per sq.ft. The median guideline value in this village is Rs 1,003 per sq.ft, making Sundarrajan Street's 2024 figure above that median.

• Sundaram Street: Rs 1,700 per sq.ft (2024)
• Subramaniyam Street: Rs 1,300 per sq.ft (2024)
• Station Road: Rs 1,700 per sq.ft (2024)
• Sri Vinayagar Nagar: Rs 1,002 per sq.ft (2024)
• Thangakulam: Rs 1,001 per sq.ft (2024)
• Sri sastha Nagar: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarrajan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sundarrajan Street?

The Sub Registrar Office that covers Sundarrajan Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Menambedu. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is legally compliant.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of the transaction. Accurate knowledge of the guideline value can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Sundarrajan Street?

The current guideline value of Sundarrajan Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2012 to Rs 1,072 per sq.ft in 2017, then increased to Rs 1,600 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Sundarrajan Street?

The land classification for Sundarrajan Street is Residential Special Type - I.

What are the stamp duty and registration fees for properties in Sundarrajan Street?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which office handles registrations for Sundarrajan Street?

The Ambattur Sub Registrar Office handles registrations for Sundarrajan Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.