Guideline Value

Corporate

Guideline Value for SUDARASANA PRASAD NAGAR

₹2350/sq.ft.

The guideline value for Sudarasana Prasad Nagar in Vengaivasal village (Selaiyur SRO, Chengalpattu zone) is Rs 2350 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Vengaivasal

Village

Selaiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2350 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

No.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sudarasana Prasad Nagar

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Sudarasana Prasad Nagar guideline value

The current guideline value of Sudarasana Prasad Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024. This area is located in Vengaivasal village and falls under the Selaiyur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sudarasana Prasad Nagar has changed

The guideline value for Sudarasana Prasad Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,350 per sq.ft, which is an increase from Rs 2,200 per sq.ft in the 2023 revision. Before that, the 2017 revision recorded a guideline value of Rs 1,474 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

Between the 2023 and 2024 revisions, there was a change of +7%. The increase from 2017 to 2023 was significant at +49%. Overall, from 2017 to 2024, the guideline value has increased by +59%.

Guideline values in Vengaivasal

In Vengaivasal village, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Sudarasana Prasad Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Sudarasana Prasad Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty, charged at 7%, would be Rs 1,64,500, while the registration fee at 2% would be Rs 47,000, bringing the total cost to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sudarasana Prasad Nagar?

The Sudarasana Prasad Nagar area is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vengaivasal. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is sold, the guideline value serves as a benchmark to assess the minimum value at which the property can be registered. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sudarasana Prasad Nagar?

The current guideline value of Sudarasana Prasad Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,474 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024. The increase from 2017 to 2023 was +49%, and from 2023 to 2024, it was +7%.

What are the other streets in Vengaivasal and their guideline values?

Other streets in Vengaivasal include St.THOMAS NAGAR at Rs 2,700 per sq.ft, Sri Visalatchi Nagar East at Rs 3,200 per sq.ft, and Sri Visalakshi Nagar at Rs 3,300 per sq.ft, among others.

What is the stamp duty for property in Sudarasana Prasad Nagar?

The stamp duty for property in Sudarasana Prasad Nagar is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty amounts to Rs 1,64,500.

Which office handles registrations for Sudarasana Prasad Nagar?

The Selaiyur Sub Registrar Office handles registrations for Sudarasana Prasad Nagar. It is located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.