Guideline Value for Sundarrj Street

Sundarrj Street guideline value

The current guideline value of Sundarrj Street is Rs 8,300 per sq.ft, effective from 1 July 2024. This street is located in Egmore village under the Periamet Sub Registrar Office (SRO) and is classified as Residential Class I Type - III.

How the guideline value of Sundarrj Street has changed

The guideline value for Sundarrj Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 1,500 per sq.ft. This increased significantly to Rs 7,600 per sq.ft in 2012, marking a rise of 407%. However, in the 2017 revision, the value dropped to Rs 5,092 per sq.ft, a decrease of 33%. The value then rose again to Rs 7,600 per sq.ft in 2023, and most recently to Rs 8,300 per sq.ft in 2024, representing a 9% increase.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 453%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Egmore

In Egmore village, there are 465 streets under the Periamet SRO that carry a 2024 guideline value, ranging from Rs 2,800 to Rs 22,000 per sq.ft, with a median value of Rs 7,100 per sq.ft. Sundarrj Street's 2024 guideline value is above this median.

• Sundar Rao Street: Rs 3,400 per sq.ft (2024)
• Sulaiman Zachiariya street: Rs 8,300 per sq.ft (2024)
• Syful mulk Nawab 1st lane: Rs 7,100 per sq.ft (2024)
• Syful mulk Nawab 2nd lane: Rs 7,100 per sq.ft (2024)
• Syful Mulk Nawab Street: Rs 7,100 per sq.ft (2024)
• Tailors lane: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarrj Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,300 per sq.ft, the total guideline value would be Rs 83,00,000. The stamp duty at 7% would amount to Rs 5,81,000, and the registration fee at 2% would be Rs 1,66,000, bringing the total to Rs 7,47,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundarrj Street?

The Sub Registrar Office that covers Sundarrj Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Egmore. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher value 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 Sundarrj Street?

The current guideline value of Sundarrj Street is Rs 8,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,500 per sq.ft in 2007 to Rs 8,300 per sq.ft in 2024, which is an overall increase of 453%.

What is the land classification for Sundarrj Street?

Sundarrj Street is classified as Residential Class I Type - III under the Periamet SRO.

What are the stamp duty rates for property in Sundarrj Street?

The stamp duty for property transactions in Sundarrj Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sundarrj Street?

The Sub Registrar Office covering Sundarrj Street is located at 1103, Poonamallee High Road, Chennai-600 003.