Guideline Value for Suraj Kudiyiruppu

Suraj Kudiyiruppu guideline value

The current guideline value of Suraj Kudiyiruppu is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Malayambakkam village and falls under the Kunrathur SRO with a land classification of Residential Class I Type - II.

How the guideline value of Suraj Kudiyiruppu has changed

The guideline value for Suraj Kudiyiruppu has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012. However, it then dropped to Rs 402 per sq.ft in 2017. The value experienced a substantial rise to Rs 800 per sq.ft in 2023 and is now set at Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 for this street. The overall increase from the 2007 revision to the current 2024 revision is a remarkable 780%.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,750 per sq.ft, with a median value of Rs 935 per sq.ft. Suraj Kudiyiruppu's current guideline value is below this median.

• Thangal Street: Rs 880 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 450 per sq.ft (2024)
• Sri Ranganathar Nagar: Rs 935 per sq.ft (2024)
• Sri Ramiah Nagar: Rs 935 per sq.ft (2024)
• Sri Rajeswari Nagar: Rs 935 per sq.ft (2024)
• Sri Rajarajeswari Nagar: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Suraj Kudiyiruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total fees together to Rs 79,200. 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 precise calculations.

Which Sub Registrar Office covers Suraj Kudiyiruppu?

The Suraj Kudiyiruppu area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Malayambakkam. It serves as a benchmark for calculating the stamp duty and registration fees that are required during the sale or purchase of property.

When a property is being registered, the guideline value is used to determine the government fees applicable, ensuring that both buyers and sellers are aware of the financial obligations associated with the transaction.

Frequently asked questions

What is the current guideline value of Suraj Kudiyiruppu?

The current guideline value of Suraj Kudiyiruppu is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 100 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, representing an overall increase of 780% over the years.

What is the median guideline value in Malayambakkam?

The median guideline value in Malayambakkam is Rs 935 per sq.ft, while Suraj Kudiyiruppu's current value is below this median.

What are the stamp duty and registration fees for properties in Suraj Kudiyiruppu?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Which office handles registrations for Suraj Kudiyiruppu?

The Kunrathur Sub Registrar Office handles registrations for Suraj Kudiyiruppu, located at No.59, Road Street, Kundrathur, Chennai -600 069.