Guideline Value for Surendra Puram Phase II

Surendra Puram Phase II guideline value

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

How the guideline value of Surendra Puram Phase II has changed

The guideline value for Surendra Puram Phase II has undergone several revisions over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 600 per sq.ft, which increased by 10% to Rs 660 per sq.ft in the 2024 revision.

This change reflects a consistent upward adjustment in the guideline value. The 2024 figure of Rs 660 per sq.ft is the latest and indicates a significant increase from the previous year.

Guideline values in Ninna Karai

In Ninna Karai, there are 449 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 440 to Rs 3,500 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Surendra Puram Phase II is below this median.

• Surendra Puram Phase I: Rs 660 per sq.ft (2024)
• Surendra Puram Phase -III: 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 II

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Surendra Puram Phase II?

The Sub Registrar Office that covers Surendra Puram Phase II is 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 details.

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

The guideline value is a crucial factor when registering property transactions in Ninna Karai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This means that buyers and sellers must consider the guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Surendra Puram Phase II?

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

How has the guideline value changed over the years?

The guideline value for Surendra Puram Phase II has changed from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, reflecting a 10% increase. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Surendra Puram Phase II?

Surendra Puram Phase II is classified as Residential Class I Type - III. This classification affects the guideline value and potential uses of the property.

Where can I find the Sub Registrar Office for Surendra Puram Phase II?

The Sub Registrar Office for Surendra Puram Phase II is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for property in Surendra Puram Phase II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000, leading to a stamp duty of Rs 46,200.