Guideline Value for Captain Sasikumar Nagar

Captain Sasikumar Nagar guideline value

The current guideline value of Captain Sasikumar Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Mudichur village, under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of Captain Sasikumar Nagar has changed

The guideline value for Captain Sasikumar Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2012, marking a change of +1233%. However, it then decreased to Rs 1,340 per sq.ft in 2017, resulting in a -33% change. The value rose again to Rs 2,000 per sq.ft in 2023, which was a +49% increase. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a +10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by +1367%.

Guideline values in Mudichur

Mudichur village has a total of 135 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,000 per sq.ft. The median value is Rs 2,200 per sq.ft, placing Captain Sasikumar Nagar's 2024 figure at this median.

• B.M.Avenue: Rs 2,200 per sq.ft (2024)
• Chitra Avenue: Rs 1,760 per sq.ft (2024)
• Bharathiyar Street: Rs 1,210 per sq.ft (2024)
• Co-Operative Colony: Rs 3,630 per sq.ft (2024)
• Co Optex Colony: Rs 3,630 per sq.ft (2024)
• Beemeswarar Nagar: Rs 3,630 per sq.ft (2024)

Stamp duty and registration fee for property in Captain Sasikumar Nagar

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, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Captain Sasikumar Nagar?

The Sub Registrar Office that covers Captain Sasikumar Nagar 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mudichur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the revenue collected reflects the current market conditions as per the guideline values set by the Registration Department.

Frequently asked questions

What is the current guideline value of Captain Sasikumar Nagar?

The current guideline value of Captain Sasikumar Nagar 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 150 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +1367% over the years.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Captain Sasikumar Nagar?

The Padappai Sub Registrar Office handles registrations for Captain Sasikumar Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. Buyers must pay the duty based on the higher of the guideline value or the sale price.