Guideline Value for Surakapuram irular Colony

Surakapuram irular Colony guideline value

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

How the guideline value of Surakapuram irular Colony has changed

The guideline value for Surakapuram irular Colony has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was then reduced to Rs 67 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 100 per sq.ft, and the most recent 2024 revision raised it further to Rs 105 per sq.ft, marking a 5% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 5%.

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 the median being Rs 105 per sq.ft. The guideline value for Surakapuram irular Colony matches this median.

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

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. Stamp 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 information.

Which Sub Registrar Office covers Surakapuram irular Colony?

The Sub Registrar Office that covers Surakapuram irular Colony 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 details.

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

The guideline value is an essential factor during property transactions in Vayaloor. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price to determine the applicable duties. If the sale price is higher than the guideline value, the duties will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Surakapuram irular Colony?

The current guideline value of Surakapuram irular Colony 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 increased to Rs 100 per sq.ft in 2023, and finally to Rs 105 per sq.ft in 2024.

What is the land classification for Surakapuram irular Colony?

Surakapuram irular Colony is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Surakapuram irular Colony?

The Sub Registrar Office for Surakapuram irular Colony is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Surakapuram irular Colony?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.