Guideline Value for Sunnambukkara Street

Sunnambukkara Street guideline value

The current guideline value of Sunnambukkara Street in Uthiramerur village is Rs 1,000 per sq.ft, effective from 1 July 2024. This street falls under the Uthiramerur SRO and is classified as Residential Class I Type - I.

How the guideline value of Sunnambukkara Street has changed

The guideline value for Sunnambukkara Street has seen several revisions over the years. In 2007, the guideline value was Rs 147 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a remarkable increase of 580%. However, from 2012 to 2017, the value decreased by 33% to Rs 670 per sq.ft. The 2023 revision maintained the value at Rs 1,000 per sq.ft, and the 2024 revision also holds it at Rs 1,000 per sq.ft, indicating no change between these two years.

There are no figures available for Sunnambukkara Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 580%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 800 per sq.ft. The guideline value for Sunnambukkara Street is above this median.

• Sundharavaradhaja Perumal Sannadhi Street: Rs 1,500 per sq.ft (2024)
• S.V.Nagar: Rs 900 per sq.ft (2024)
• Thalaiyari Street: Rs 700 per sq.ft (2024)
• Subiramaniya swami sannadhi street: Rs 1,200 per sq.ft (2024)
• Thandavaraya chetty Street: Rs 1,500 per sq.ft (2024)
• Thandukkara Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sunnambukkara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 Sunnambukkara Street?

The Sub Registrar Office that covers Sunnambukkara Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthiramerur. It determines the minimum value at which a property can be registered, ensuring that the transaction is in line with government regulations.

When registering a property, buyers and sellers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sunnambukkara Street?

The current guideline value of Sunnambukkara Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 147 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and has remained at Rs 1,000 per sq.ft since 2023.

What is the land classification for Sunnambukkara Street?

Sunnambukkara Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 10,00,000, the total fees would be Rs 90,000.

Which office handles registrations for Sunnambukkara Street?

The Uthiramerur Sub Registrar Office handles registrations for Sunnambukkara Street, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406.