Guideline Value for Sunnambukara Street

Sunnambukara Street guideline value

The current guideline value of Sunnambukara Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Ist Division village under the Kanchipuram Joint IV SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Sunnambukara Street has changed

The guideline value for Sunnambukara Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, the 2023 revision saw a significant increase to Rs 1,500 per sq.ft, which was a 49% rise from the previous figure. The most recent revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Sunnambukara Street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Ist Division

In the Ist Division village, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 3,300 per sq.ft. The median value for these streets is Rs 880 per sq.ft, positioning Sunnambukara Street's 2024 figure above this median.

• Swarnapuri Nagar: Rs 880 per sq.ft (2024)
• Suklapalayam Street @ V.N.Perumal Naidu Street: Rs 1,430 per sq.ft (2024)
• Suklapalayam Govindan Street: Rs 1,100 per sq.ft (2024)
• Sudharsan Nagar Extension: Rs 880 per sq.ft (2024)
• Sudharsan Nagar: Rs 800 per sq.ft (2024)
• Sudarsan Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sunnambukara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sunnambukara Street?

The Sub Registrar Office that covers Sunnambukara Street is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ist Division. It serves as the basis for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to determine the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sunnambukara Street?

The current guideline value of Sunnambukara Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Sunnambukara Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000. The stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office covers Sunnambukara Street?

The Kanchipuram Joint IV Sub Registrar Office covers Sunnambukara Street, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that properties are registered at a minimum value set by the government, which helps in revenue collection.