Guideline Value for SURYA NAGAR EXTENSION

Surya Nagar Extension guideline value

The current guideline value of Surya Nagar Extension is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Minjur village, under the Ponneri SRO, and is classified as Residential Class III Type - I.

How the guideline value of Surya Nagar Extension has changed

The guideline value for Surya Nagar Extension has undergone several revisions over the years. The earliest recorded figure is from 2017, where the value was Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Between 2017 and 2024, the overall increase in the guideline value is 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Minjur

In Minjur, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,320 per sq.ft, with a median value of Rs 550 per sq.ft. Surya Nagar Extension's guideline value is below this median.

• Surya Nagar: Rs 440 per sq.ft (2024)
• Surakkai Swami Street: Rs 550 per sq.ft (2024)
• Sri Venkateshwara Avenue: Rs 440 per sq.ft (2024)
• Theradi Street: Rs 1,320 per sq.ft (2024)
• Sri Thiruvudaiamman Nagar: Rs 550 per sq.ft (2024)
• Thiru K.R. Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Surya Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% is Rs 30,800, and the registration fee at 2% is Rs 8,800, resulting in a total of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Surya Nagar Extension?

The Sub Registrar Office that covers Surya Nagar Extension is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Minjur, as it determines the amount of stamp duty and registration fees applicable. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for calculating the fees required for registration. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Surya Nagar Extension?

The current guideline value of Surya Nagar Extension is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the land classification for Surya Nagar Extension?

Surya Nagar Extension is classified as Residential Class III Type - I according to the local guidelines.

Where can I find the Sub Registrar Office for Surya Nagar Extension?

The Sub Registrar Office for Surya Nagar Extension is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Surya Nagar Extension?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value incurs a total stamp duty of Rs 30,800.