Guideline Value for Surendra Puram Phase -III

Surendra Puram Phase -III guideline value

The current guideline value of Surendra Puram Phase -III is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village and falls under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Surendra Puram Phase -III has changed

The guideline value for Surendra Puram Phase -III has undergone several revisions over the years. The most recent revision, effective from 1 July 2024, sets the value at Rs 660 per sq.ft, which is an increase of 10% from the previous year's figure of Rs 600 per sq.ft established in 2023. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

In summary, the guideline value increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024. This increase reflects the adjustments made in the guideline values over time, although there are no figures available for the earlier revisions.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that the guideline value for Surendra Puram Phase -III is below this median.

• Surendra Puram Phase II: Rs 660 per sq.ft (2024)
• Surendra Puram Phase I: Rs 660 per sq.ft (2024)
• Surendrapuram (N): Rs 660 per sq.ft (2024)
• Surendhrapuram Phase -IV: Rs 660 per sq.ft (2024)
• Surendhrapuram Phase -II: Rs 660 per sq.ft (2024)
• Surendhrapuram Phase - I: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Surendra Puram Phase -III

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Surendra Puram Phase -III?

The Surendra Puram Phase -III area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Ninna Karai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When buying or selling property, the guideline value helps determine the official value of the property, which is essential for legal and financial purposes. It is important for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Surendra Puram Phase -III?

The current guideline value of Surendra Puram Phase -III is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

Recently, the guideline value increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, marking a 10% increase.

What are the other streets with the same guideline value in Ninna Karai?

Other streets in Ninna Karai with the same guideline value of Rs 660 per sq.ft include Surendra Puram Phase II, Surendra Puram Phase I, Surendrapuram (N), Surendhrapuram Phase -IV, Surendhrapuram Phase -II, and Surendhrapuram Phase - I.

What fees are associated with buying property in Surendra Puram Phase -III?

The fees associated with buying property include stamp duty at 7% and a registration fee at 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 59,400.

Which office handles property registration for Surendra Puram Phase -III?

The Chengleput Joint II Sub Registrar Office handles property registration for Surendra Puram Phase -III, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.