Guideline Value for Sundarthamman Colony

Sundarthamman Colony guideline value

The current guideline value of Sundarthamman Colony, located in Hastinapuram village under the Pallavaram SRO, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is classified as Commercial Class I Type - II.

How the guideline value of Sundarthamman Colony has changed

The guideline value for Sundarthamman Colony has undergone several revisions over the years. In 2007, the value was set at Rs 525 per sq.ft, which saw a significant increase to Rs 3,000 per sq.ft in 2012, marking a rise of 471%. However, this value decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 529%.

Guideline values in Hastinapuram

In Hastinapuram, there are 277 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value is Rs 2,970 per sq.ft, making the current value of Sundarthamman Colony above this median.

• Sudamani Street: Rs 1,650 per sq.ft (2024)
• Subramani Street: Rs 1,650 per sq.ft (2024)
• Station Border Road: Rs 2,970 per sq.ft (2024)
• State Bank Colony: Rs 3,850 per sq.ft (2024)
• Thiropathi Nagar: Rs 1,650 per sq.ft (2024)
• Thirukural Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarthamman Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundarthamman Colony?

The Sundarthamman Colony falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Hastinapuram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Buyers should consider this value to ensure they are prepared for the associated fees at the time of registration.

Frequently asked questions

What is the current guideline value of Sundarthamman Colony?

The current guideline value of Sundarthamman Colony is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 525 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 529%.

What are the stamp duty and registration fees for property in Sundarthamman Colony?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000. The stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Sundarthamman Colony?

The Pallavaram Sub Registrar Office handles the registration for Sundarthamman Colony, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the guideline value determined for properties in Hastinapuram?

The guideline value in Hastinapuram is determined by the Registration Department's guideline value register. It varies by street and is updated periodically based on market conditions and other factors.