Guideline Value for Sunguvarchitram Walajabad Main Road

Sunguvarchitram Walajabad Main Road guideline value

The current guideline value of Sunguvarchitram Walajabad Main Road is Rs 1,750 per sq.ft, effective from 1 July 2024. This road is located in Santhavellur village, under the Sunguvarchattram SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Sunguvarchitram Walajabad Main Road has changed

In the 2012 revision, the guideline value was set at Rs 1,750 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 1,172 per sq.ft. Following this, the guideline value increased significantly to Rs 1,750 per sq.ft in the 2023 revision, and it has remained at that level through the 2024 revision, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen no increase, despite fluctuations in the intervening years. Notably, the 2023 to 2024 revision showed a change of +0%, while the increase from 2017 to 2023 was +49% and from 2012 to 2017 was -33%.

Guideline values in Santhavellur

Santhavellur village has 63 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 2,800 per sq.ft as of the 2024 revision. The median value for these streets is Rs 500 per sq.ft, placing the guideline value of Sunguvarchitram Walajabad Main Road above this median.

• Sri vishnu gardens: Rs 600 per sq.ft (2024)
• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri sastha nagar: Rs 1,046 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 1,000 per sq.ft (2024)
• Sri ramanujar nagar: Rs 600 per sq.ft (2024)
• Srinivasa Nagar: Rs 305 per sq.ft (2024)

Stamp duty and registration fee for property in Sunguvarchitram Walajabad Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,750 per sq.ft, the total guideline value amounts to Rs 17,50,000. The stamp duty at 7% would be Rs 1,22,500, and the registration fee at 2% would be Rs 35,000, bringing the total charges to Rs 1,57,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sunguvarchitram Walajabad Main Road?

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

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Santhavellur, it is essential to refer to the guideline value to ensure compliance with registration regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Sunguvarchitram Walajabad Main Road?

The current guideline value of Sunguvarchitram Walajabad Main Road is Rs 1,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a significant decrease from Rs 1,750 per sq.ft in 2012 to Rs 1,172 per sq.ft in 2017, followed by an increase back to Rs 1,750 per sq.ft in both 2023 and 2024.

What is the land classification for this road?

The land classification for Sunguvarchitram Walajabad Main Road is Commercial Class I Type - II.

Where can I find the registration office for this area?

The registration office covering Sunguvarchitram Walajabad Main Road is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 17,50,000, the stamp duty at 7% would be Rs 1,22,500.