Guideline Value for SUJI NAGAR (S.NO.337/2)

Suji Nagar (S.No.337/2) guideline value

The current guideline value of Suji Nagar (S.No.337/2) is Rs 100 per sq.ft. This property is located in Vathattur village, under the Tiruvallur Joint 1 SRO, and is classified as Residential Class V Type - I.

How the guideline value of Suji Nagar (S.No.337/2) has changed

The guideline value for Suji Nagar (S.No.337/2) has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a reduction of 33%. However, in the 2023 revision, the guideline value increased significantly to Rs 100 per sq.ft, resulting in a 49% rise from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 100 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Vathattur

Currently, there are no specific guideline values listed for other streets in Vathattur. Suji Nagar (S.No.337/2) is the only street mentioned with a guideline value of Rs 100 per sq.ft as of the 2023 revision.

Stamp duty and registration fee for property in Suji Nagar (S.No.337/2)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, which totals Rs 7,000, while the registration fee is 2%, amounting to Rs 2,000. Together, the total cost for stamp duty and registration fee comes to Rs 9,000. It is important to remember that 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 detailed calculations.

Which Sub Registrar Office covers Suji Nagar (S.No.337/2)?

The Sub Registrar Office that covers Suji Nagar (S.No.337/2) is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Vathattur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure accurate financial planning and compliance with local regulations.

When a property is registered, the stamp duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions, reflecting the property's worth as determined by the guideline value.

Frequently asked questions

What is the current guideline value of Suji Nagar (S.No.337/2)?

The current guideline value of Suji Nagar (S.No.337/2) is Rs 100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, followed by an increase back to Rs 100 per sq.ft in 2023. Overall, from 2012 to 2023, the value has remained the same.

What are the stamp duty and registration fees for property in Suji Nagar?

For a 1,000 sq.ft plot in Suji Nagar, the total guideline value is Rs 1,00,000. The stamp duty at 7% amounts to Rs 7,000, and the registration fee at 2% is Rs 2,000, totaling Rs 9,000 for stamp duty and registration fees.

Which Sub Registrar Office covers Suji Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers Suji Nagar (S.No.337/2). It is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

Are there any other streets in Vathattur with guideline values?

Currently, there are no other streets in Vathattur listed with specific guideline values. Suji Nagar (S.No.337/2) is the only street mentioned with a guideline value of Rs 100 per sq.ft.