Guideline Value for Sunnambukalvai Street

Sunnambukalvai Street guideline value

The current guideline value of Sunnambukalvai Street 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 Sunnambukalvai Street has changed

The guideline value for Sunnambukalvai Street has seen several revisions over the years. In 2003, the 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 surged by 200% to Rs 3,000 per sq.ft in 2012, followed by a decrease of 33% to Rs 2,010 per sq.ft in 2017. The 2023 revision set the value at Rs 3,000 per sq.ft, which was then increased by 10% to Rs 3,300 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 378%. It is important to note that there is no figure available for Sunnambukalvai Street in the 2002 revision.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values 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 the same as the current value for Sunnambukalvai Street.

• Sunnambu Kalvai Kudiirruppu Kuttai (G.S.T. Road): Rs 3,300 per sq.ft (2024)
• Sunnambukalvai 2nd 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to 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 to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sunnambukalvai Street?

The Sub Registrar Office that covers Sunnambukalvai 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 information.

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

The guideline value is a crucial reference point when buying or selling property in Zaminpallavaram. It determines the minimum value at which property transactions are registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value helps in calculating the stamp duty, which is charged at a percentage of the higher value between the guideline value and the actual sale price. This ensures that the registration process is transparent and standardized across the region.

Frequently asked questions

What is the current guideline value of Sunnambukalvai Street?

The current guideline value of Sunnambukalvai 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, reflecting an overall increase of 378% over the years.

What is the land classification for Sunnambukalvai Street?

Sunnambukalvai Street is classified as Residential Class I Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sunnambukalvai Street?

The Sub Registrar Office for Sunnambukalvai 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 transactions?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, a property valued at Rs 33,00,000 would incur a total of Rs 2,97,000 in fees.