Guideline Value for Sunnambukalvai 2nd Street

Sunnambukalvai 2nd Street guideline value

The current guideline value of Sunnambukalvai 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class I Type - II.

How the guideline value of Sunnambukalvai 2nd Street has changed

The guideline value for Sunnambukalvai 2nd Street has seen several revisions over the years. In 2003, the guideline value was Rs 690 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a significant rise of 45%. The value then jumped to Rs 3,000 per sq.ft in 2012, a remarkable increase of 200%. However, it decreased to Rs 2,010 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 3,000 per sq.ft in 2023, and most recently, it has increased to Rs 3,300 per sq.ft in 2024, a 10% increase from the previous year.

It is important to note that the register has no figure for this street in 2002. 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 guideline value is Rs 3,300 per sq.ft, which is equal to the current value of Sunnambukalvai 2nd Street.

• Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road): 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 Sunnambukalvai 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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 Sunnambukalvai 2nd Street?

The Sub Registrar Office that covers Sunnambukalvai 2nd Street 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 details.

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

The guideline value is a crucial factor when registering property in Zaminpallavaram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price of the property.

When you buy or sell property, the guideline value ensures that the transaction is documented at a fair value, which is essential for both buyers and sellers. It helps maintain transparency in property transactions and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sunnambukalvai 2nd Street?

The current guideline value of Sunnambukalvai 2nd Street 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 from Rs 690 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 378% over the years.

What is the registration office for Sunnambukalvai 2nd Street?

The registration office for Sunnambukalvai 2nd Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

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

The stamp duty is charged at 7% of the guideline value or sale price, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 2,97,000.

What is the land classification of Sunnambukalvai 2nd Street?

Sunnambukalvai 2nd Street is classified as Residential Class I Type - II under the guideline value register.