Guideline Value for SUNDARLAL NAHATA AVENUE

Sundarlal Nahata Avenue guideline value

The current guideline value of Sundarlal Nahata Avenue is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Purasaivakkam village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sundarlal Nahata Avenue has changed

Over the years, the guideline value of Sundarlal Nahata Avenue has seen significant changes. In the 2007 revision, the value was Rs 2,800 per sq.ft. This increased to Rs 7,000 per sq.ft in 2012, marking a substantial rise of 150%. However, it then decreased to Rs 4,690 per sq.ft in the 2017 revision, a decline of 33%. The value climbed again to Rs 7,000 per sq.ft in 2023, before reaching the current rate of Rs 7,700 per sq.ft in the 2024 revision, which represents a 10% increase from the previous year.

The overall change from 2007 to 2024 is an increase of 175%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Purasaivakkam

In Purasaivakkam, there are 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median value is Rs 5,500 per sq.ft, placing Sundarlal Nahata Avenue's 2024 figure above this median.

• Sunnambu Kalvai Cheri: Rs 2,200 per sq.ft (2024)
• Sundaram Pillai Street: Rs 7,100 per sq.ft (2024)
• Sundaram Pillai Lane: Rs 7,100 per sq.ft (2024)
• Surat Bhavan Garden: Rs 2,200 per sq.ft (2024)
• Surat Bhavan Street: Rs 2,200 per sq.ft (2024)
• Sudukadu Hut Area: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sundarlal Nahata Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. 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 Sundarlal Nahata Avenue?

The Sub Registrar Office that covers Sundarlal Nahata Avenue is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Purasaivakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes. When a property is bought or sold, the registration office uses the guideline value to calculate the applicable stamp duty and registration fees.

Buyers and sellers should be aware that the guideline value may impact the overall cost of the transaction. It is advisable to consult the latest guideline values to understand the potential costs involved in property registration.

Frequently asked questions

What is the current guideline value of Sundarlal Nahata Avenue?

The current guideline value of Sundarlal Nahata Avenue is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,800 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 175% over the years.

What is the land classification for Sundarlal Nahata Avenue?

Sundarlal Nahata Avenue is classified as Residential Class II Type - I under the Purasaivakkam SRO.

Where can I find the Purasaivakkam Sub Registrar Office?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in Sundarlal Nahata Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 5,39,000.