Guideline Value for Suriya Narayana Chetty Road (Beyond Kasimedu Police Station)

Suriya Narayana Chetty Road (Beyond Kasimedu Police Station) guideline value

The current guideline value of Suriya Narayana Chetty Road (Beyond Kasimedu Police Station) is Rs 4,900 per sq.ft, effective from 1 July 2024. This road is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of Suriya Narayana Chetty Road (Beyond Kasimedu Police Station) has changed

The guideline value has undergone several revisions over the years. The earliest recorded value for this street was Rs 800 per sq.ft in 2007. This figure saw a significant increase to Rs 4,500 per sq.ft in 2012, marking a rise of 463%. However, from 2012 to 2017, the value decreased to Rs 3,015 per sq.ft, a drop of 33%. The value then increased again to Rs 4,500 per sq.ft in 2023, and further to Rs 4,900 per sq.ft in 2024, reflecting a 9% increase from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 513%. The changes between the various revisions highlight the fluctuations in property valuation in this area, with the most notable increase occurring between 2007 and 2012 and a substantial rise from 2017 to 2023.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, making the current guideline value of Suriya Narayana Chetty Road (Beyond Kasimedu Police Station) above the median.

• Suriya Narayana Chetty 3rd Lane: Rs 2,200 per sq.ft (2024)
• Suriya Narayana Chetty Road (Royapuram Police Station to Kasimedu Police Station): Rs 4,900 per sq.ft (2024)
• Suriya Narayana Chetty 2nd Lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 1st lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 2nd lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 3rd lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Suriya Narayana Chetty Road (Beyond Kasimedu Police Station)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, while the registration fee at 2% would be Rs 98,000, bringing the total fees to Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Suriya Narayana Chetty Road (Beyond Kasimedu Police Station)?

The Suriya Narayana Chetty Road (Beyond Kasimedu Police Station) is covered by the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

When buying or selling property in Tondaiarpet, the guideline value plays a crucial role in determining the taxes and fees associated with the transaction. It is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps avoid any legal issues in the future.

Frequently asked questions

What is the current guideline value of Suriya Narayana Chetty Road (Beyond Kasimedu Police Station)?

The current guideline value of Suriya Narayana Chetty Road (Beyond Kasimedu Police Station) is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024. Notable changes occurred between 2007 and 2012, and again from 2017 to 2024.

What is the land classification for Suriya Narayana Chetty Road?

The land classification for Suriya Narayana Chetty Road (Beyond Kasimedu Police Station) is Commercial Special Type - I. This classification affects the guideline value and potential uses for the land.

Where can I find the Royapuram Sub Registrar Office?

The Royapuram Sub Registrar Office is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. This office handles property registrations for the area.

How is the stamp duty calculated for properties in Tondaiarpet?

Stamp duty for properties in Tondaiarpet is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 49,00,000 would incur a stamp duty of Rs 3,43,000 at 7%.