Guideline Value for Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road)

Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road) guideline value

The current guideline value of Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road) has changed

The guideline value for Sunnambu Kalvai Kudiirruppu Kuttai has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 690 per sq.ft. It increased to Rs 1,000 per sq.ft in 2007, marking a 45% rise. The value then saw a significant jump to Rs 3,000 per sq.ft in 2012, which was a 200% increase. However, it dropped to Rs 2,010 per sq.ft in 2017, representing a 33% decrease. The value increased again to Rs 3,000 per sq.ft in 2023, and finally, it rose to Rs 3,300 per sq.ft in the 2024 revision, reflecting a 10% increase.

Notably, the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 378%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which matches the guideline value for Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road). Here are some other streets in Zaminpallavaram:

• Sunnambukalvai 2nd Street: Rs 3,300 per sq.ft (2024)
• Sunnambukalvai Street: Rs 3,300 per sq.ft (2024)
• Sundaresan Street (Colony): Rs 3,850 per sq.ft (2024)
• Sundaresan Street: Rs 3,850 per sq.ft (2024)
• Surya Avenue: Rs 3,520 per sq.ft (2024)
• Swamymalai Nagar II M.Rd&R.K.Nagar: Rs 2,160 per sq.ft (2024)

Stamp duty and registration fee for property in Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road)

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 more details.

Which Sub Registrar Office covers Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road)?

The Sub Registrar Office that covers Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road) is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value must be considered as it directly affects the costs involved in the transaction. Buyers should be aware that the stamp duty is calculated based on either the guideline value or the sale price, whichever is higher, to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sunnambu Kalvai Kudiirruppu Kuttai?

The current guideline value of Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 690 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 378% over the years.

What are the stamp duty and registration fees for properties here?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property at the current rate, the total fees would be Rs 2,97,000.

Which office handles registrations for this area?

The Pallavaram Sub Registrar Office handles registrations for Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road), located at 7th Main Road, New Colony, Chromepet, Chennai-600044.

What is the land classification for this street?

The land classification for Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road) is Residential Class I Type - II.