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_C village and falls under the Sunguvarchattram SRO, 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 undergone several revisions over the years. The 2017 revision set the value at Rs 1,172 per sq.ft, which remained unchanged in the subsequent 2023 revision. As of the 2024 revision, the value is now Rs 1,750 per sq.ft, reflecting a significant increase of 49% from the 2017 figure.

Between the 2023 and 2024 revisions, there was no change in the guideline value, maintaining the rate at Rs 1,750 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 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 in this village is Rs 350 per sq.ft, placing the Sunguvarchitram Walajabad Main Road's current value above that median.

• Sri Usha Nagar: Rs 700 per sq.ft (2024)
• Sri sastha nagar: Rs 1,045 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 300 per sq.ft (2024)
• varasithi Vinayagar Street: Rs 200 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 calculated at 7% would be Rs 1,22,500, while the registration fee at 2% would be Rs 35,000, bringing the total cost 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sunguvarchitram Walajabad Main Road?

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

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Santhavellur_C. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transfer of property ownership.

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 increased from Rs 1,172 per sq.ft in 2017 to Rs 1,750 per sq.ft in 2024, marking a 49% increase over this period. There was no change from 2023 to 2024.

What is the land classification for Sunguvarchitram Walajabad Main 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 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 higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,22,500.