Guideline Value for Suvisesapuram

Suvisesapuram guideline value

The current guideline value of Suvisesapuram is Rs 1,000 per sq.ft, effective from 1 July 2024. This village falls under the Sriperumpudur SRO and is classified as Residential Class II Type - I.

How the guideline value of Suvisesapuram has changed

The guideline value for Suvisesapuram has undergone several revisions over the years. The 2017 revision recorded a guideline value of Rs 670 per sq.ft. The 2023 revision maintained this value at Rs 1,000 per sq.ft, and the current 2024 revision also reflects Rs 1,000 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, showing a consistent valuation since 2023.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Suvisesapuram's 2024 figure above that median.

• Teachers Green Meadow Ph.I: Rs 1,000 per sq.ft (2024)
• Sundaram Nagar: Rs 700 per sq.ft (2024)
• Telephone Lane: Rs 800 per sq.ft (2024)
• Thanthondri Amman Koil Street: Rs 700 per sq.ft (2024)
• Subethra Avenue: Rs 700 per sq.ft (2024)
• Then Pushkarani Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Suvisesapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Suvisesapuram?

Suvisesapuram is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the property registration process. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This value helps in ensuring that the transaction is recorded at a fair price as per the government regulations.

When buyers and sellers engage in a property transaction, the guideline value serves as a benchmark for assessing the property's worth. This ensures that both parties are aware of the minimum value recognized by the government for the purpose of taxation and registration.

Frequently asked questions

What is the current guideline value of Suvisesapuram?

The current guideline value of Suvisesapuram is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft since the 2023 revision. It increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, marking a 49% increase over that period.

What are the other streets in Sriperumbudur A and their values?

Other streets in Sriperumbudur A have varying guideline values. For instance, Teachers Green Meadow Ph.I has a value of Rs 1,000 per sq.ft, while Sundaram Nagar and Thanthondri Amman Koil Street are valued at Rs 700 per sq.ft.

What fees are involved when registering property in Suvisesapuram?

The fees involved include a stamp duty of 7% and a registration fee of 2% based on the guideline value. For example, for a 1,000 sq.ft property, the total fees would amount to Rs 90,000.

Where can I find the Sub Registrar Office for Suvisesapuram?

The Sub Registrar Office covering Suvisesapuram is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.