Guideline Value for Susaiappar Street

Susaiappar Street guideline value

The current guideline value of Susaiappar Street is Rs 200 per sq.ft. This street is located in Thirupanthiyoor village, under the Sunguvarchattram SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Susaiappar Street has changed

According to the guideline value register, the revisions for Susaiappar Street began with the 2012 revision, which set the value at Rs 200 per sq.ft. In the 2017 revision, the value decreased to Rs 134 per sq.ft, reflecting a change of -33%. However, in the 2023 revision, the value returned to Rs 200 per sq.ft, and it remained the same in the 2024 revision, showing no change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 200 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median value among these streets is Rs 350 per sq.ft, indicating that the 2024 figure for Susaiappar Street is below this median.

• Susaiyapparpuram: Rs 200 per sq.ft (2024)
• Swathi Nagar: Rs 450 per sq.ft (2024)
• Swathi Nagar IV: Rs 612 per sq.ft (2024)
• Thirumanikuppam Salai: Rs 200 per sq.ft (2024)
• Thiruvallur Main Road(From PetrolBank To Anthoniyarpuram): Rs 450 per sq.ft (2024)
• Thomaiyar street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Susaiappar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000. Together, the total cost for stamp duty and registration fee would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Susaiappar Street?

The Sub Registrar Office that covers Susaiappar Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirupanthiyoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently.

When you register a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all parties involved in the transaction are aware of the costs associated with the sale, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Susaiappar Street?

The current guideline value of Susaiappar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 200 per sq.ft in 2012 to Rs 134 per sq.ft in 2017, and then back to Rs 200 per sq.ft in 2023 and 2024. Overall, it has remained the same from 2012 to 2024.

What are the stamp duty and registration fees for property in Susaiappar Street?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. This is calculated based on the guideline value.

Which Sub Registrar Office covers Susaiappar Street?

The Sunguvarchattram Sub Registrar Office covers Susaiappar Street, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What is the land classification of Susaiappar Street?

Susaiappar Street is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.