Guideline Value for Surendra Puram Phase I

Surendra Puram Phase I guideline value

The current guideline value of Surendra Puram Phase I 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. The land classification for this street is Residential Class I Type - III.

How the guideline value of Surendra Puram Phase I has changed

In the 2023 revision, the guideline value was set at Rs 600 per sq.ft. This marks an increase of 10% to the current value of Rs 660 per sq.ft in the 2024 revision. The register does not contain figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, there were no recorded figures for Surendra Puram Phase I in the guideline value register for the years mentioned. The most recent change reflects a clear upward adjustment in the guideline value from the previous year.

Guideline values in Ninna Karai

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

• Surendra Puram Phase II: 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 I

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 cost for these fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Surendra Puram Phase I?

The Sub Registrar Office that covers Surendra Puram Phase I 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 determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When a property is sold, the buyer and seller must consider the guideline value to calculate applicable fees such as stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

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

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

How much has the guideline value changed recently?

The guideline value increased from Rs 600 per sq.ft in 2023 to Rs 660 per sq.ft in 2024, reflecting a 10% rise.

What is the land classification for Surendra Puram Phase I?

Surendra Puram Phase I is classified as Residential Class I Type - III, which indicates its suitability for residential development.

How does the guideline value compare to other streets in Ninna Karai?

The guideline value for Surendra Puram Phase I is below the median value of Rs 1,100 per sq.ft for the 449 streets in Ninna Karai, which range from Rs 440 to Rs 3,500 per sq.ft.

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

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, and it covers Surendra Puram Phase I.