Guideline Value for Suraththamman koil Ext 1nd cross street

Suraththamman koil Ext 1nd cross street guideline value

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

How the guideline value of Suraththamman koil Ext 1nd cross street has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure remained the same in the 2012 revision until the 2017 revision, where it decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The subsequent 2017 revision saw a significant increase to Rs 2,000 per sq.ft in 2023, followed by another increase to Rs 2,200 per sq.ft in 2024, which is a 10% rise from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the value increased by 49%. 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 a 2024 guideline value range from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Suraththamman koil Ext 1nd cross street's 2024 figure above this median.

• Suraththamman koil 3rd street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil Ext 2nd cross street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil 2nd street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil 2nd cross street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil 1st 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 Ext 1nd 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, resulting in a total of Rs 1,98,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Suraththamman koil Ext 1nd cross street?

The Sub Registrar Office that covers Suraththamman koil Ext 1nd 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 information.

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

The guideline value is a critical factor in property transactions in Peerklankaranai, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Suraththamman koil Ext 1nd cross street?

The current guideline value of Suraththamman koil Ext 1nd 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 increased 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 Ext 1nd cross street?

The land classification for Suraththamman koil Ext 1nd cross street is Residential Special Type - I.

Where can I find the registration office for this street?

The registration office for Suraththamman koil Ext 1nd cross street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.