Guideline Value for Sunnambu Kuttai

Sunnambu Kuttai guideline value

The current guideline value of Sunnambu Kuttai is Rs 806 per sq.ft, effective from 1 July 2024. This area is located in Kovilpathagai village under the Ambattur SRO and is classified as Residential Class III Type - I.

How the guideline value of Sunnambu Kuttai has changed

The guideline value for Sunnambu Kuttai has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which was then decreased to Rs 402 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 100%, bringing it back to Rs 806 per sq.ft. The 2024 revision also maintained this value, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing the 2024 guideline value of Sunnambu Kuttai below this median.

• Sundaraperumal Koil Street (Kanadapalayam): Rs 806 per sq.ft (2024)
• Sundaraj Street (Kannada Palayam): Rs 806 per sq.ft (2024)
• S.V. Nagar: Rs 803 per sq.ft (2024)
• Swami Pillai Street: Rs 806 per sq.ft (2024)
• Swamy Nagar: Rs 990 per sq.ft (2024)
• Sudhasanam Nagar: Rs 803 per sq.ft (2024)

Stamp duty and registration fee for property in Sunnambu Kuttai

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total cost for these fees to Rs 72,540. 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 more details.

Which Sub Registrar Office covers Sunnambu Kuttai?

The Sub Registrar Office that covers Sunnambu Kuttai is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for assessing the value of the property and determining the applicable stamp duty and registration fees.

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sunnambu Kuttai?

The current guideline value of Sunnambu Kuttai is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 806 per sq.ft in 2023 and remained the same in 2024.

What is the land classification of Sunnambu Kuttai?

Sunnambu Kuttai is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Sunnambu Kuttai?

The Sub Registrar Office for Sunnambu Kuttai is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is the stamp duty calculated for property in Sunnambu Kuttai?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 8,06,000, the stamp duty would be Rs 56,420 at 7%.