Guideline Value for Suryanarayana 3rd lane

Suryanarayana 3rd lane guideline value

The current guideline value of Suryanarayana 3rd 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 3rd lane has changed

In the 2007 revision, the guideline value was set at Rs 800 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking a 150% rise. The value remained unchanged in the 2023 revision, still at Rs 2,000 per sq.ft. However, in the 2024 revision, the value increased by 10% to Rs 2,200 per sq.ft.

There are no figures available for the revisions in 2002, 2003, and 2017 for Suryanarayana 3rd lane. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%.

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, with a median value of Rs 1,600 per sq.ft. The guideline value of Suryanarayana 3rd lane is above this median.

• Suryanarayana 2nd lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 4th lane: Rs 2,200 per sq.ft (2024)
• Suryanarayana 1st 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 3rd lane

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

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Suryanarayana 3rd lane?

The Suryanarayana 3rd 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 is a crucial factor in property transactions in Tondaiarpet, as it determines the stamp duty and registration fees applicable during the buying or selling process. It is essential to refer to the latest guideline value when entering into any property transaction to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark for calculating the total costs associated with the transaction. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can impact the overall expenses incurred during the registration process.

Frequently asked questions

What is the current guideline value of Suryanarayana 3rd lane?

The current guideline value of Suryanarayana 3rd 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 changed from Rs 800 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 175%.

What is the land classification for Suryanarayana 3rd lane?

Suryanarayana 3rd lane is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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.

How is the stamp duty calculated for properties in Tondaiarpet?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 at a rate of 7%.