Guideline Value for SRI SUDARSANAM NAGAR

Sri Sudarsanam Nagar guideline value

The current guideline value of Sri Sudarsanam Nagar, located in Paruthipattu village under the Avadi SRO, is Rs 1,925 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Mixed Type - II.

How the guideline value of Sri Sudarsanam Nagar has changed

Over the years, the guideline value for Sri Sudarsanam Nagar has seen several revisions. The 2017 revision recorded a guideline value of Rs 1,750 per sq.ft, which remained unchanged in the 2023 revision. However, with the 2024 revision, the guideline value increased to Rs 1,925 per sq.ft, reflecting a 10% rise from the previous year.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Paruthipattu

In Paruthipattu village, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. Sri Sudarsanam Nagar's 2024 guideline value is above this median.

• Sri Sudarsanam Nagar Phase III: Rs 2,210 per sq.ft (2024)
• Sri Sudharsanam Nagar Phase - II: Rs 1,925 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 950 per sq.ft (2024)
• Sri Vignesh Nagar: Rs 950 per sq.ft (2024)
• S.R.M. Garden: Rs 950 per sq.ft (2024)
• Sri Ranganatha Nagar: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sudarsanam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,925 per sq.ft, the total guideline value would be Rs 19,25,000. The stamp duty at 7% would amount to Rs 1,34,750, and the registration fee at 2% would be Rs 38,500, bringing the total to Rs 1,73,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Sudarsanam Nagar?

The Sub Registrar Office that covers Sri Sudarsanam Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Paruthipattu. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty is charged based on the higher value between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Sri Sudarsanam Nagar?

The current guideline value of Sri Sudarsanam Nagar is Rs 1,925 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2017 to Rs 1,925 per sq.ft in 2024, marking a 10% increase. There was no change from 2017 to 2023.

What are the guideline values for other streets in Paruthipattu?

Other streets in Paruthipattu have varying guideline values, with some streets like Sri Sudarsanam Nagar Phase III at Rs 2,210 per sq.ft and others like Sri Venkateswara Nagar at Rs 950 per sq.ft.

What is the stamp duty for a property in Sri Sudarsanam Nagar?

The stamp duty for a property valued at Rs 19,25,000 in Sri Sudarsanam Nagar would be Rs 1,34,750, calculated at 7% of the guideline value.

Where can I find the Sub Registrar Office for Sri Sudarsanam Nagar?

The Avadi Sub Registrar Office covers Sri Sudarsanam Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.