Guideline Value for Suraththamman koil 2nd cross street

Suraththamman koil 2nd cross street guideline value

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

How the guideline value of Suraththamman koil 2nd cross street has changed

The guideline value for Suraththamman koil 2nd cross street has seen several revisions over the years. The earliest available figure is from the 2012 revision, which was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register does not have figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, indicating that the 2024 figure for Suraththamman koil 2nd cross street is above this median.

• Suraththamman koil 1st 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 2nd cross 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, bringing the total fees to 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Suraththamman koil 2nd cross street?

The Sub Registrar Office that covers Suraththamman koil 2nd cross street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peerklankaranai. It serves as the baseline for calculating stamp duty and registration fees, ensuring that both parties are aware of the official valuation of the property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Suraththamman koil 2nd cross street?

The current guideline value of Suraththamman koil 2nd cross 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 is the land classification for Suraththamman koil 2nd cross street?

Suraththamman koil 2nd cross street is classified as Residential Special Type - I.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000, and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Suraththamman koil 2nd cross street is located at No.26, Mes Road, East Tambaram, Chennai-600059, Chengalpattu registration zone.