Guideline Value for Sundharam Street

Sundharam Street guideline value

The current guideline value of Sundharam Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sundharam Street has changed

The guideline value for Sundharam Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,000 per sq.ft, which is an increase of 8% from the 2023 revision of Rs 3,700 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 2,479 per sq.ft, showing a significant increase of 49% from the previous 2012 revision, which was Rs 3,700 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The fluctuations in the values indicate varying trends, with the 2012 to 2017 period seeing a decrease of 33% before the values began to rise again.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Sundharam Street's 2024 figure of Rs 4,000 per sq.ft is above this median.

• Suntharesa iyer Street: Rs 4,000 per sq.ft (2024)
• Suriya prakasam Street: Rs 4,600 per sq.ft (2024)
• Subramaniam Street: Rs 4,600 per sq.ft (2024)
• Tank Street: Rs 3,800 per sq.ft (2024)
• Tass avenue: Rs 3,800 per sq.ft (2024)
• Tass Industrial Estate I: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sundharam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, leading to a total of Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundharam Street?

Sundharam Street falls under the jurisdiction of the Ambattur Sub Registrar Office. The office is 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 Ambattur

The guideline value is a crucial factor in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value helps ensure that the transaction is transparent and fair, as it reflects the government’s assessment of property values in the area. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sundharam Street?

The current guideline value of Sundharam Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2023 to Rs 4,000 per sq.ft in 2024, and from Rs 2,479 per sq.ft in 2017 to Rs 3,700 per sq.ft in 2012. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Sundharam Street?

Sundharam Street is classified as Residential Special Type - II. This classification indicates the intended use of the land for residential purposes.

What is the registration office for Sundharam Street?

The registration office for Sundharam Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Sundharam Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable, ensuring buyers and sellers understand their financial obligations during the registration process.