Guideline Value for Suryanarayana 2nd lane

Suryanarayana 2nd lane guideline value

The current guideline value of Suryanarayana 2nd lane is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the jurisdiction of the Royapuram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Suryanarayana 2nd lane has changed

Over the years, the guideline value of Suryanarayana 2nd lane has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 800 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a 150% rise. However, from 2012 to 2023, there was no change, and the value remained at Rs 2,000 per sq.ft. In the latest revision for 2024, the guideline value increased to Rs 2,200 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 175%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2017 for this street.

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 is Rs 1,600 per sq.ft, placing Suryanarayana 2nd lane's 2024 figure above this median.

• Suryanarayana 1st 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 2nd 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, leading to a total cost of Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Suryanarayana 2nd lane?

The Suryanarayana 2nd lane 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the sale. 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 Suryanarayana 2nd lane?

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

How has the guideline value changed over the years?

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

What are the stamp duty and registration fees for property in Suryanarayana 2nd lane?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000 based on the current guideline value.

Which office handles property registrations for Suryanarayana 2nd lane?

The Royapuram Sub Registrar Office handles property registrations for Suryanarayana 2nd lane, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the significance of the guideline value?

The guideline value is used to determine the minimum value for property registration, which is essential for calculating stamp duty and registration fees during property transactions.