Guideline Value for K.Sundaram Nagar

K.Sundaram Nagar guideline value

The current guideline value of K.Sundaram Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of K.Sundaram Nagar has changed

The guideline value for K.Sundaram Nagar has undergone several revisions over the years. The earliest revision available is from 2012, where the guideline value was Rs 1,200 per sq.ft. The most recent revision, effective from 1 July 2024, shows an increase to Rs 1,300 per sq.ft, marking an 8% increase from the 2012 figure.

It is important to note that the register has no figures for the years 2002, 2003, 2007, 2017, and 2023 for this street. Therefore, the only relevant figures are from 2012 and 2024.

Guideline values in Madhavaram

The guideline values for the 1,946 streets in Madhavaram under the Madhavaram SRO range from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. K.Sundaram Nagar's 2024 figure of Rs 1,300 per sq.ft is below this median.

• Krishna Street (Ponniamman Medu): Rs 1,300 per sq.ft (2024)
• Krishnappan st ( Ward No.1 ): Rs 1,300 per sq.ft (2024)
• Krishnappan St (Ward-02): Rs 1,300 per sq.ft (2024)
• Krishna Nagar ( Ward No.8 ): Rs 2,200 per sq.ft (2024)
• Krishna Nagar (Ward-23): Rs 2,200 per sq.ft (2024)
• Krishna Nagar Roads ( Ward No.3 ): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in K.Sundaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers K.Sundaram Nagar?

K.Sundaram Nagar falls under the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. For further details, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Madhavaram. It serves as the basis for calculating the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a standardized value, which helps in maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of K.Sundaram Nagar?

The current guideline value of K.Sundaram Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for K.Sundaram Nagar was Rs 1,200 per sq.ft in 2012 and increased to Rs 1,300 per sq.ft in 2024, representing an 8% increase. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023.

What is the classification of land in K.Sundaram Nagar?

K.Sundaram Nagar is classified as Residential Class III Type - I, indicating its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000. The duty is based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for K.Sundaram Nagar?

The Madhavaram Sub Registrar Office covers K.Sundaram Nagar and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.