Guideline Value for Sunguwar Agraharam Street

Sunguwar Agraharam Street guideline value

The current guideline value of Sunguwar Agraharam Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village under the Periamet SRO, classified as Residential Special Type - III.

How the guideline value of Sunguwar Agraharam Street has changed

The guideline value for Sunguwar Agraharam Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, there was a decrease in value to Rs 3,350 per sq.ft in 2017. Following this, the value rose sharply to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, the guideline value has increased by 358% from Rs 1,200 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft, with a median value of Rs 3,300 per sq.ft. Sunguwar Agraharam Street's guideline value of Rs 5,500 per sq.ft is above this median.

• Swami Naicken Street: Rs 6,600 per sq.ft (2024)
• Subban Street: Rs 3,300 per sq.ft (2024)
• Thiyagaraja Stret(Varadarajapuram): Rs 2,500 per sq.ft (2024)
• Thulukkanam Street: Rs 2,500 per sq.ft (2024)
• Siyali amman Koil Street: Rs 2,600 per sq.ft (2024)
• Siyali Amman Koil lane: Rs 2,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sunguwar Agraharam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making the total cost for these charges Rs 4,95,000. It is important to note that the 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 accurate calculations based on your specific property details.

Which Sub Registrar Office covers Sunguwar Agraharam Street?

The Sub Registrar Office that covers Sunguwar Agraharam Street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Chindadripet. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

Frequently asked questions

What is the current guideline value of Sunguwar Agraharam Street?

The current guideline value of Sunguwar Agraharam Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 1,200 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, which is an overall increase of 358%.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 55,00,000, the total charges would amount to Rs 4,95,000.

Which office handles property registrations for Sunguwar Agraharam Street?

The Periamet Sub Registrar Office is responsible for property registrations for Sunguwar Agraharam Street, located at 1103, Poonamallee High Road, Chennai-600 003.

What is the land classification for Sunguwar Agraharam Street?

Sunguwar Agraharam Street is classified as Residential Special Type - III, which indicates its zoning for residential purposes.