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_B 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

The guideline value for Sunguvarchitram Walajabad Main Road has seen several revisions over the years. The 2017 revision set the value at Rs 1,172 per sq.ft, which remained unchanged in the 2023 revision at Rs 1,750 per sq.ft. The 2024 revision also maintains this figure at Rs 1,750 per sq.ft, indicating no change from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, and there has been an overall increase of 49% from 2017 to 2024. The consistency in the value from 2023 to 2024 indicates stability in the valuation for this street.

Guideline values in Santhavellur_B

In Santhavellur_B, there are 55 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for the village is Rs 400 per sq.ft, placing the Sunguvarchitram Walajabad Main Road's value above this median.

• Theruveethiamman Kovil Street: Rs 300 per sq.ft (2024)
• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri Sathya Sai Nagar(Akshara City): Rs 501 per sq.ft (2024)
• Sri sastha nagar: Rs 1,045 per sq.ft (2024)
• Sri Saravanabhavan Nagar: Rs 501 per sq.ft (2024)
• Sri ramanujar nagar: Rs 600 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 to Rs 1,57,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sunguvarchitram Walajabad Main Road?

The Sunguvarchitram Walajabad Main Road falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office. The office is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Santhavellur_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a buyer approaches the registration office, the guideline value will be used to calculate the applicable duties, ensuring that the transaction is recorded accurately in accordance with the prevailing regulations.

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 remained at Rs 1,750 per sq.ft since the 2023 revision, with a significant increase of 49% from Rs 1,172 per sq.ft in 2017.

What is the land classification of Sunguvarchitram Walajabad Main Road?

Sunguvarchitram Walajabad Main Road is classified as Commercial Class I Type - II.

Where can I find the registration office for this area?

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

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 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,22,500.