Guideline Value

Corporate

Guideline Value for Suvathini Apartments

₹1650/sq.ft.

The guideline value for Suvathini Apartments in Perungalathur village (Padappai SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Suvathini Apartments

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Suvathini Apartments guideline value

The current guideline value of Suvathini Apartments in Perungalathur village is Rs 1,650 per sq.ft, effective from 1 July 2024. This property falls under the Padappai SRO and is classified as Residential Class IV Type - II.

How the guideline value of Suvathini Apartments has changed

The guideline value for Suvathini Apartments has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, and finally to Rs 1,650 per sq.ft in the 2024 revision, reflecting a change of +10% from 2023 to 2024 and a substantial +49% from 2017 to 2023. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of -33%, but overall, from 2012 to 2024, the guideline value has increased by +10%. The current value of Rs 1,650 per sq.ft is below the median guideline value of Rs 2,310 per sq.ft for the 411 streets in Perungalathur under the Padappai SRO.

Guideline values in Perungalathur

In Perungalathur, the guideline values range from Rs 1,320 to Rs 5,500 per sq.ft as of 2024. The street of Suvathini Apartments is below the median value of Rs 2,310 per sq.ft. Here are some other streets in Perungalathur:

Stamp duty and registration fee for property in Suvathini Apartments

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Suvathini Apartments?

The Sub Registrar Office that covers Suvathini Apartments is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perungalathur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to make informed decisions during the registration process.

Frequently asked questions

What is the current guideline value for Suvathini Apartments?

The current guideline value for Suvathini Apartments is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Suvathini Apartments?

Suvathini Apartments is classified as Residential Class IV Type - II.

Where can I find the registration office for Suvathini Apartments?

The registration office for Suvathini Apartments is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Suvathini Apartments?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at Rs 1,650 per sq.ft, the stamp duty would be Rs 1,15,500.