Guideline Value for Suraththamman koil Ext 2nd cross street

Suraththamman koil Ext 2nd cross street guideline value

The current guideline value for Suraththamman koil Ext 2nd cross street is Rs 2,200 per sq.ft. This street is located in Peerklankaranai village, 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 2nd cross street has changed

The guideline value for Suraththamman koil Ext 2nd cross street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was later reduced to Rs 1,340 per sq.ft in the 2017 revision. Following that, the value increased significantly to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From the 2012 revision to the 2024 revision, the overall change is an increase of 10%. Notably, the jump from 2017 to 2023 was a substantial 49%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

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

• Suraththamman koil Ext 1nd cross street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil 3rd 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 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 amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost Rs 1,98,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Suraththamman koil Ext 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

When buying or selling property, the guideline value is referenced to calculate the applicable duties and fees. This ensures transparency and helps in maintaining consistency in property transactions across the region.

Frequently asked questions

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

The current guideline value for Suraththamman koil Ext 2nd cross street is Rs 2,200 per sq.ft as per the 2024 revision.

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. This reflects a significant increase over the years, especially between 2017 and 2023.

What is the land classification for this street?

The land classification for Suraththamman koil Ext 2nd cross street is Residential Special Type - I, indicating its intended use for residential purposes.

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

The Sub Registrar Office for Suraththamman koil Ext 2nd 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 with a guideline value of Rs 22,00,000, the stamp duty would be calculated at 7% of that amount.