Guideline Value for Sundram Nagar Main Road

Sundram Nagar Main Road guideline value

The current guideline value of Sundram Nagar Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024. This road is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sundram Nagar Main Road has changed

The guideline value for Sundram Nagar Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 237 per sq.ft, which increased to Rs 257 per sq.ft in 2003, marking an increase of 8%. The value then surged significantly to Rs 1,000 per sq.ft in 2007, reflecting a 289% rise. Following this, the value rose to Rs 2,500 per sq.ft in 2012, which was a 150% increase. However, from 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, showing a decline of 33%. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, which is a 61% increase from the 2017 figure. The register has no figure for this street in 2023.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Sundram Nagar Main Road's 2024 figure is below this median.

• Sundram Nagar Extension: Rs 2,700 per sq.ft (2024)
• Sundram Pannai: Rs 2,200 per sq.ft (2024)
• Sundaram Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Sundaram Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• S.V.M. Nagar: Rs 2,700 per sq.ft (2024)
• Subramaniyapuram Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sundram Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees together to Rs 2,43,000. 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 Sundram Nagar Main Road?

The Sub Registrar Office that covers Sundram Nagar Main Road is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kolathur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sundram Nagar Main Road?

The current guideline value of Sundram Nagar Main Road is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 237 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 1039% over the years.

What are the stamp duty and registration fees for property in Sundram Nagar Main Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,43,000.

Which office should I go to for property registration in Sundram Nagar Main Road?

The Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011, covers Sundram Nagar Main Road for property registration.

What is the land classification for Sundram Nagar Main Road?

The land classification for Sundram Nagar Main Road is Residential Class II Type - I, indicating the type of development allowed in this area.