Guideline Value for SURIYA NAGAR

Suriya Nagar guideline value

The current guideline value of Suriya Nagar, located in Venmanamputhur village under the Tiruvallur Joint 1 SRO, is Rs 250 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - I land classification.

How the guideline value of Suriya Nagar has changed

Looking at the historical revisions, the guideline value for Suriya Nagar was Rs 250 per sq.ft in both the 2023 and 2024 revisions. The previous revision in 2017 recorded a value of Rs 167 per sq.ft, marking a 50% increase from 2017 to 2023. The 2012 revision also had a value of Rs 250 per sq.ft, which means there was a decrease of 33% from 2012 to 2017.

Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 250 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO with a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Suriya Nagar's 2024 figure above that median.

• Subbaraya Nagar Annex: Rs 200 per sq.ft (2024)
• Subbaraya Nagar: Rs 200 per sq.ft (2024)
• St.Marys Nagar: Rs 200 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 200 per sq.ft (2024)
• Sri Sai Sakthi Nagar: Rs 200 per sq.ft (2024)
• Sri Ranga Natha Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Suriya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that the 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 Suriya Nagar?

The Suriya Nagar area falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Venmanamputhur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official valuation set by the government. This process helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Suriya Nagar?

The current guideline value of Suriya Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Suriya Nagar has seen several changes, with Rs 250 per sq.ft in 2023 and 2024, Rs 167 per sq.ft in 2017, and Rs 250 per sq.ft in 2012. There were decreases and increases in values during these revisions.

What is the land classification for Suriya Nagar?

Suriya Nagar is classified as Residential Class II Type - I, which indicates its designated use for residential purposes.

What are the stamp duty and registration fees for properties in Suriya Nagar?

The stamp duty for properties in Suriya Nagar is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 2,50,000, the total fees would amount to Rs 22,500.

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

The Sub Registrar Office covering Suriya Nagar is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.