Guideline Value for Surakapuram Nadu Street

Surakapuram Nadu Street guideline value

The current guideline value of Surakapuram Nadu Street is Rs 105 per sq.ft, effective from 1 July 2024. This street is located in Vayaloor village under the Sunguvarchattram SRO and is classified as Residential Class III Type - I.

How the guideline value of Surakapuram Nadu Street has changed

Over the years, the guideline value of Surakapuram Nadu Street has undergone several revisions. The earliest available figure is from 2012, where the value was Rs 100 per sq.ft. In 2017, this value decreased to Rs 67 per sq.ft, marking a decline of 33%. However, by 2023, the guideline value increased significantly to Rs 100 per sq.ft, followed by a further increase to Rs 105 per sq.ft in 2024, which is a rise of 5% from the previous year.

From 2017 to 2023, the value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 5%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vayaloor

In Vayaloor, there are 18 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 105 to Rs 155 per sq.ft, with a median value of Rs 105 per sq.ft. Surakapuram Nadu Street's 2024 figure is equal to this median.

• Surakapuram Melandai Street: Rs 105 per sq.ft (2024)
• Surakapuram Perumal Kovil Street: Rs 105 per sq.ft (2024)
• Surakapuram irular Colony: Rs 105 per sq.ft (2024)
• Surakapuram Arunthathipuram North Street: Rs 105 per sq.ft (2024)
• Stalin Nagar: Rs 155 per sq.ft (2024)
• Utchimedu: Rs 105 per sq.ft (2024)

Stamp duty and registration fee for property in Surakapuram Nadu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 105 per sq.ft, the total guideline value amounts to Rs 1,05,000. The stamp duty at 7% would be Rs 7,350, and the registration fee at 2% would be Rs 2,100, totaling Rs 9,450. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Surakapuram Nadu Street?

The Sub Registrar Office that covers Surakapuram Nadu Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Vayaloor. It is used to determine the stamp duty and registration fees payable, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value serves as a benchmark for calculating the taxes involved in the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations and to avoid any legal complications during the sale.

Frequently asked questions

What is the current guideline value of Surakapuram Nadu Street?

The current guideline value of Surakapuram Nadu Street is Rs 105 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 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 105 per sq.ft in 2024.

What is the land classification of Surakapuram Nadu Street?

Surakapuram Nadu Street is classified as Residential Class III Type - I.

What are the other streets in Vayaloor with the same guideline value?

Other streets in Vayaloor with the same guideline value of Rs 105 per sq.ft in 2024 include Surakapuram Melandai Street, Surakapuram Perumal Kovil Street, Surakapuram irular Colony, and Surakapuram Arunthathipuram North Street.

Where is the Sub Registrar Office for Surakapuram Nadu Street located?

The Sub Registrar Office for Surakapuram Nadu Street is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.