Guideline Value for SUNDAR NAGAR

Sundar Nagar guideline value

The current guideline value of Sundar Nagar, located in Kandular village under the Chengleput Joint II SRO, is Rs 600 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sundar Nagar has changed

The guideline value for Sundar Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 600 per sq.ft. The 2023 revision maintained this value, and the 2024 revision also holds the guideline value at Rs 600 per sq.ft, resulting in no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft.

Guideline values in Kandular

In Kandular village, there are 20 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 600 to Rs 650 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is the same as the guideline value for Sundar Nagar.

• Thilakar Nagar: Rs 600 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 600 per sq.ft (2024)
• Vanavil Avenue Phase - III: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - VII: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - VI: Rs 600 per sq.ft (2024)
• Sree Mahalakshmi Nagar Phase - V: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sundar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. 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 Sundar Nagar?

The Sundar Nagar area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Kandular. It serves as a reference point for determining the stamp duty and registration fees payable at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, providing transparency and consistency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sundar Nagar?

The current guideline value of Sundar Nagar is Rs 600 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions showing a consistent value of Rs 600 per sq.ft from 2012 to 2024, despite a drop to Rs 402 per sq.ft in 2017.

What is the land classification for Sundar Nagar?

The land classification for Sundar Nagar is Residential Special Type - I, which indicates its designated use for residential purposes.

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

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000.

Which office handles registrations for Sundar Nagar?

The Chengleput Joint II Sub Registrar Office handles registrations for Sundar Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.