Guideline Value for Suryanarayana 1st lane

Suryanarayana 1st lane guideline value

The current guideline value of Suryanarayana 1st lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class I Type - I.

How the guideline value of Suryanarayana 1st lane has changed

Over the years, the guideline value of Suryanarayana 1st lane has seen several revisions. The 2007 revision set the value at Rs 800 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in the 2012 revision. This value remained unchanged until the 2023 revision, where it again stood at Rs 2,000 per sq.ft. In 2024, the guideline value increased to Rs 2,200 per sq.ft, reflecting a 10% rise from the previous year.

Notably, the overall change from the 2007 revision to the 2024 revision is an increase of 175%. The years 2017, 2003, and 2002 have no figures listed for this street in the register.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO, with the 2024 guideline values 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, placing Suryanarayana 1st lane's 2024 figure above this median.

• Suryanarayana 2nd lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 3rd lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 4th lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 5th lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 6th lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 7th lane: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Suryanarayana 1st lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Suryanarayana 1st lane?

The Sub Registrar Office that covers Suryanarayana 1st lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Tondaiarpet. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized property value.

When a property is sold, the guideline value helps determine the official sale price for registration purposes. This ensures transparency and uniformity in property transactions within the region.

Frequently asked questions

What is the current guideline value of Suryanarayana 1st lane?

The current guideline value of Suryanarayana 1st lane is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 175% over the years.

What are the stamp duty and registration fees for property in Suryanarayana 1st lane?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Suryanarayana 1st lane?

The Royapuram Sub Registrar Office handles registrations for Suryanarayana 1st lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for Suryanarayana 1st lane?

Suryanarayana 1st lane is classified as Residential Class I Type - I, indicating its suitability for residential development.