Guideline Value for Sundharam Colony

Sundharam Colony guideline value

The current guideline value of Sundharam Colony, located in Kolathur village under the Sriperumpudur SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Sundharam Colony has changed

Over the years, the guideline value for Sundharam Colony has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision saw a decrease to Rs 100 per sq.ft, marking a 33% drop from the previous figure. From 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft.

The most recent revision in 2024 has maintained the guideline value at Rs 150 per sq.ft, resulting in a 0% change from the previous year. Notably, there are no figures recorded for this street in the years 2002, 2003, and 2007.

Guideline values in Kolathur

In Kolathur village, there are 45 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,300 per sq.ft. The median value for these streets is Rs 250 per sq.ft, indicating that Sundharam Colony's 2024 figure is below this median.

• Sujitha Nagar: Rs 150 per sq.ft (2024)
• Tambaram Roja Nagar: Rs 300 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 250 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 250 per sq.ft (2024)
• Sri Kallazhagar City PH.I Extension: Rs 250 per sq.ft (2024)
• Sri Kallazhagar City phase I: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sundharam Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees together to Rs 13,500. It's important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundharam Colony?

The Sub Registrar Office that covers Sundharam Colony is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kolathur, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Both buyers and sellers should be aware that the guideline value is used to calculate the duties and fees, ensuring that all transactions are compliant with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sundharam Colony?

The current guideline value of Sundharam Colony is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen fluctuations, with a decrease to Rs 100 per sq.ft in 2017, followed by an increase back to Rs 150 per sq.ft in 2023 and 2024.

What is the land classification of Sundharam Colony?

Sundharam Colony is classified as Residential Class III Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500 for the transaction.

Where can I find the Sub Registrar Office for Sundharam Colony?

The Sub Registrar Office for Sundharam Colony is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.