Guideline Value for Suriya Garden 2nd Cross Street

Suriya Garden 2nd Cross Street guideline value

The current guideline value of Suriya Garden 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Suriya Garden 2nd Cross Street has changed

The guideline value for Suriya Garden 2nd Cross Street has seen several revisions over the years. The earliest recorded figure is from 2012, where it was set at Rs 3,000 per sq.ft. This value then changed to Rs 2,010 per sq.ft in 2017, marking a decrease of 33%. Following this, the guideline value increased significantly to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Suriya Garden 2nd Cross Street is above this median.

• Suriya Garden 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Suriya Garden Main Road: Rs 3,300 per sq.ft (2024)
• Suresh Avenue: Rs 2,800 per sq.ft (2024)
• Sur.Vi.Vi.Nagar: Rs 2,800 per sq.ft (2024)
• Sunrise Avenue Salai: Rs 5,000 per sq.ft (2024)
• Sunrise Avenue 7th Cross Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Suriya Garden 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value is Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations based on your property details.

Which Sub Registrar Office covers Suriya Garden 2nd Cross Street?

The Sub Registrar Office that covers Suriya Garden 2nd Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Neelankarai. It is used to determine the stamp duty and registration fees applicable during the property transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used for calculating the duty.

When registering a property, it is essential to refer to the latest guideline value, as it can change with revisions. This ensures that all fees are calculated accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Suriya Garden 2nd Cross Street?

The current guideline value of Suriya Garden 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 2,31,000, and the registration fee is Rs 66,000, totaling Rs 2,97,000.

Which office do I need to visit for property registration in Neelankarai?

The Neelankarai Sub Registrar Office is responsible for property registration in this area, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

How is the guideline value determined for properties in Neelankarai?

The guideline value is determined by the Registration Department and is revised periodically. It reflects the value of properties in the area and is used to calculate stamp duty and registration fees during property transactions.