Guideline Value for SUKRA NAGAR

Sukra Nagar guideline value

The current guideline value of Sukra Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Kavanur village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Sukra Nagar has changed

The guideline value for Sukra Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 800 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 536 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase, with the current value aligning with the median of Rs 800 per sq.ft for Kavanur streets.

Guideline values in Kavanur

Kavanur village has a total of 109 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 500 to Rs 2,239 per sq.ft. The median guideline value is Rs 800 per sq.ft, making Sukra Nagar's current value equal to this median. Below are the guideline values for other streets in Kavanur:

• Sundarambal Avenue: Rs 600 per sq.ft (2024)
• Subramanyapuram: Rs 600 per sq.ft (2024)
• Sri Vigneshwarar Nagar: Rs 600 per sq.ft (2024)
• Sri Varalakshmi Nagar Extension: Rs 1,000 per sq.ft (2024)
• Sri Varalakshmi Nagar: Rs 600 per sq.ft (2024)
• Sri Sai Santhi Nagar Phase -II: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sukra Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total amount for these fees to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sukra Nagar?

The Sub Registrar Office that covers Sukra Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Kavanur. It is the basis for calculating stamp duty and registration fees, which are mandatory when registering a property. Buyers and sellers should be aware that the guideline value is often used to determine the minimum sale price for a property.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the current market conditions. This helps maintain transparency in property dealings and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Sukra Nagar?

The current guideline value of Sukra Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft from 2023 to 2024, while it increased by 49% from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2024.

What is the land classification for Sukra Nagar?

The land classification for Sukra Nagar is Residential Special Type - III, indicating its intended use for residential purposes.

Where can I find the registration office for Sukra Nagar?

The registration office for Sukra Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000, with applicable fees based on this amount.