Guideline Value for Suraj Kudiyiruppu

Suraj Kudiyiruppu guideline value

The current guideline value of Suraj Kudiyiruppu is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Sirukalathur village under the Kunrathur SRO, classified as Residential Class I Type - II.

How the guideline value of Suraj Kudiyiruppu has changed

Over the years, the guideline value of Suraj Kudiyiruppu has seen several revisions. The 2007 revision recorded a value of Rs 100 per sq.ft, which increased significantly to Rs 450 per sq.ft in the 2012 revision. However, there was a decrease of 33% to Rs 301 per sq.ft in the 2017 revision. Following this, the value surged by 50% to Rs 450 per sq.ft in 2023, and then rose again by 11% to the current value of Rs 500 per sq.ft in the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%. The changes between the revisions highlight the fluctuations in property valuation over time, reflecting various factors that influence the real estate market.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,970 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value of Suraj Kudiyiruppu is below this median.

• Sri Sri Srinivasa Perumal Avenue: Rs 1,000 per sq.ft (2024)
• Sri Srinivasa Perumal Avenue: Rs 550 per sq.ft (2024)
• Sri Ranganathan Nagar: Rs 550 per sq.ft (2024)
• Sri Ranganathan Avenue: Rs 550 per sq.ft (2024)
• Thiruvalluvar Street: Rs 500 per sq.ft (2024)
• Sri Badmavathi Nagar: Rs 1,000 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 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total cost for these fees to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Suraj Kudiyiruppu?

The Sub Registrar Office that covers Suraj Kudiyiruppu is 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 Sirukalathur

The guideline value is a crucial factor in property transactions in Sirukalathur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Suraj Kudiyiruppu?

The current guideline value of Suraj Kudiyiruppu is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 500 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

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

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which Sub Registrar Office covers Suraj Kudiyiruppu?

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

What is the land classification of Suraj Kudiyiruppu?

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