Guideline Value for Sundravadivel Nagar

Sundravadivel Nagar guideline value

The current guideline value of Sundravadivel Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sundravadivel Nagar has changed

The guideline value of Sundravadivel Nagar has seen several revisions over the years. Starting from the 2007 revision, the rate was Rs 600 per sq.ft. This increased significantly to Rs 3,200 per sq.ft in the 2012 revision, marking a substantial rise of 433%. However, in the 2017 revision, the value decreased to Rs 2,144 per sq.ft, a drop of 33%. The value then climbed to Rs 3,200 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,520 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 487%. It is important to note that the register has no figure for Sundravadivel Nagar for the years 2002 and 2003.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, placing Sundravadivel Nagar's 2024 figure below that median.

• Suresh Nagar: Rs 3,520 per sq.ft (2024)
• Suresh Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Suresh Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Suresh Nagar 3rd Street: Rs 3,520 per sq.ft (2024)
• Suresh Nagar 4th Street: Rs 3,520 per sq.ft (2024)
• Suresh Nagar Cross Road: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Sundravadivel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. 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 further assistance.

Which Sub Registrar Office covers Sundravadivel Nagar?

The Sub Registrar Office that covers Sundravadivel Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Porur, 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.

Frequently asked questions

What is the current guideline value of Sundravadivel Nagar?

The current guideline value of Sundravadivel Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 600 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 487% over this period.

What is the land classification of Sundravadivel Nagar?

Sundravadivel Nagar is classified as Residential Special Type - II, which influences its guideline value and usage.

What are the stamp duty and registration fees for a property in Sundravadivel Nagar?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers the area of Sundravadivel Nagar?

The Kunrathur Sub Registrar Office covers Sundravadivel Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.