Guideline Value for SULAIMAN NAGAR

Sulaiman Nagar guideline value

The current guideline value of Sulaiman Nagar is Rs 401 per sq.ft, effective from 1 July 2024. This area is located in Malliyankaranai village under the Uthiramerur SRO, classified as Residential Special Type - II.

How the guideline value of Sulaiman Nagar has changed

The guideline value for Sulaiman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft. Following this, the value increased significantly to Rs 400 per sq.ft in 2023, and finally to Rs 401 per sq.ft in 2024, showing no percentage change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. However, the overall change from 2012 to 2024 shows no increase, as the value in 2012 was Rs 400 per sq.ft, and the current value is Rs 401 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Malliyankaranai

In Malliyankaranai, there are 42 streets under the Uthiramerur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 603 per sq.ft, with the median value being Rs 401 per sq.ft. Sulaiman Nagar's 2024 figure aligns with this median.

• Sri Sakthi Vinayaga Nagar: Rs 401 per sq.ft (2024)
• Sri Mugambigai Nagar: Rs 300 per sq.ft (2024)
• Sri Lakshmi Nagar Extension: Rs 603 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Vadanallur: Rs 300 per sq.ft (2024)
• Sri Chelliyamman Nagar: Rs 402 per sq.ft (2024)

Stamp duty and registration fee for property in Sulaiman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value amounts to Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, bringing the total to Rs 36,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sulaiman Nagar?

The Sub Registrar Office that covers Sulaiman Nagar is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Malliyankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value is assessed to ensure that the transaction is recorded accurately. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sulaiman Nagar?

The current guideline value of Sulaiman Nagar is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 401 per sq.ft in 2024.

What are the other streets in Malliyankaranai with their guideline values?

Other streets in Malliyankaranai include Sri Sakthi Vinayaga Nagar at Rs 401 per sq.ft, Sri Mugambigai Nagar at Rs 300 per sq.ft, and Sri Lakshmi Nagar Extension at Rs 603 per sq.ft, among others.

How is the stamp duty calculated for property in Sulaiman Nagar?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot valued at Rs 4,01,000, the total stamp duty and registration fees would amount to Rs 36,090.

Where can I find the Sub Registrar Office for Sulaiman Nagar?

The Sub Registrar Office for Sulaiman Nagar is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.