Guideline Value for Sunguvarchattram to Thiruvallur Road

Sunguvarchattram to Thiruvallur Road guideline value

The current guideline value for Sunguvarchattram to Thiruvallur Road is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Kottaiyoor village, under the Sunguvarchattram SRO, classified as Residential Class I Type - IV.

How the guideline value of Sunguvarchattram to Thiruvallur Road has changed

Over the years, the guideline value for Sunguvarchattram to Thiruvallur Road has seen several revisions. The most recent revisions show that the guideline value has remained consistent at Rs 300 per sq.ft for both the 2023 and 2024 revisions. Prior to this, in 2017, the value was Rs 201 per sq.ft, marking a 49% increase to the 2023 figure. The 2012 revision also recorded a value of Rs 300 per sq.ft, indicating a decrease of 33% from the 2017 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 300 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Kottaiyoor

In Kottaiyoor, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 900 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Sunguvarchattram to Thiruvallur Road is above this median.

• Spectrum Enclaive: Rs 300 per sq.ft (2024)
• Sarava Form House: Rs 150 per sq.ft (2024)
• Ponniamman Kullakarai Street: Rs 200 per sq.ft (2024)
• Perumal Kovil Street: Rs 250 per sq.ft (2024)
• Padasalai Street: Rs 250 per sq.ft (2024)
• Mariamman Kovil street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sunguvarchattram to Thiruvallur Road

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sunguvarchattram to Thiruvallur Road?

The Sub Registrar Office that covers Sunguvarchattram to Thiruvallur Road is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kottaiyoor. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This value is set by the government and is updated periodically to reflect changes in the real estate market.

During the registration process, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to ensure compliance with the legal requirements during property transactions.

Frequently asked questions

What is the current guideline value for Sunguvarchattram to Thiruvallur Road?

The current guideline value for Sunguvarchattram to Thiruvallur Road is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions. It was Rs 201 per sq.ft in 2017, which reflects a 49% increase to the 2023 figure.

What are the guideline values for other streets in Kottaiyoor?

Other streets in Kottaiyoor have varying guideline values, ranging from Rs 150 to Rs 900 per sq.ft. The median value for these streets is Rs 250 per sq.ft.

What fees are associated with buying property in Sunguvarchattram to Thiruvallur Road?

When buying property, the stamp duty is charged at 7% of the guideline value, and the registration fee is charged at 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 27,000.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sunguvarchattram to Thiruvallur Road is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details by visiting the appropriate link.