Guideline Value for Suraththamman koil 1st street

Suraththamman koil 1st street guideline value

The current guideline value of Suraththamman koil 1st street in Peerklankaranai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Suraththamman koil 1st street has changed

The guideline value for Suraththamman koil 1st street has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. The 2023 revision increased the value to Rs 2,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, making the 2024 figure for Suraththamman koil 1st street above this median.

• Suraththamman koil 2nd cross street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil 2nd street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil 3rd street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil Ext 1nd cross street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil Ext 2nd cross street: Rs 2,200 per sq.ft (2024)
• Swami Viveganandhar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Suraththamman koil 1st street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 details.

Which Sub Registrar Office covers Suraththamman koil 1st street?

The Sub Registrar Office that covers Suraththamman koil 1st street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Peerklankaranai. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is referenced to calculate the applicable duties and fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Suraththamman koil 1st street?

The current guideline value of Suraththamman koil 1st street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

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

Other streets in Peerklankaranai that share the same guideline value of Rs 2,200 per sq.ft in 2024 include Suraththamman koil 2nd cross street, Suraththamman koil 2nd street, Suraththamman koil 3rd street, Suraththamman koil Ext 1nd cross street, Suraththamman koil Ext 2nd cross street, and Swami Viveganandhar Street.

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

The stamp duty for properties in Suraththamman koil 1st street is 7%, and the registration fee is 2%. For example, a 1,000 sq.ft plot at the guideline value would incur a total cost of Rs 1,98,000 in fees.

Which office handles property registrations for Suraththamman koil 1st street?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Suraththamman koil 1st street, located at No.26, mes Road, East Tambaram, Chennai-600059.