Guideline Value for SUDHAGAR NAGAR

Sudhagar Nagar guideline value

The current guideline value of Sudhagar Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thundalkazhani village, under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of Sudhagar Nagar has changed

The guideline value for Sudhagar Nagar has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 770 per sq.ft, an increase from Rs 700 per sq.ft in 2023, which represents a 10% rise. Prior to that, in 2017, the guideline value was Rs 500 per sq.ft, marking a 40% increase from the previous revision in 2023. Overall, from 2017 to 2024, the guideline value has increased by 54%.

It is important to note that there are no figures available for Sudhagar Nagar in the revisions from 2002, 2003, 2007, and 2012. The guideline value history reflects significant changes, particularly between 2017 and 2024, highlighting the evolving nature of property valuations in this area.

Guideline values in Thundalkazhani

In Thundalkazhani village, there are 10 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 440 to Rs 2,500 per sq.ft. The median value for these streets is Rs 770 per sq.ft, which is equal to the guideline value of Sudhagar Nagar.

• Sri Moogambigai Nagar: Rs 440 per sq.ft (2024)
• Walajabad Main Road: Rs 770 per sq.ft (2024)
• Ramaiah Nagar Extension: Rs 2,500 per sq.ft (2024)
• Ramaiah Nagar: Rs 550 per sq.ft (2024)
• M.R.T.Nagar: Rs 660 per sq.ft (2024)
• Manimangalam Road: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sudhagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty, charged at 7%, would be Rs 53,900, while the registration fee at 2% would be Rs 15,400. Together, these fees total Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sudhagar Nagar?

The Sub Registrar Office that covers Sudhagar 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 Thundalkazhani

The guideline value is a crucial factor during property registration in Thundalkazhani. It determines the amount of stamp duty and registration fees that must be paid when a property is bought or sold.

When a property transaction occurs, the guideline value serves as a benchmark for the minimum price at which the property can be registered. This ensures that the registration process is transparent and reflects the official valuation of the property.

Frequently asked questions

What is the current guideline value of Sudhagar Nagar?

The current guideline value of Sudhagar Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 500 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, marking an overall increase of 54% over this period.

What are the stamp duty rates in Sudhagar Nagar?

The stamp duty rate in Sudhagar Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What is the median guideline value in Thundalkazhani?

The median guideline value in Thundalkazhani is Rs 770 per sq.ft, which is the same as the current guideline value for Sudhagar Nagar.