Guideline Value for SUSEELA NAGAR

Suseela Nagar guideline value

The current guideline value of Suseela Nagar is Rs 700 per sq.ft. This area is located in Kayirambedu village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Suseela Nagar has changed

The guideline value for Suseela Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 700 per sq.ft, which remained unchanged until the 2023 revision, where it continued to hold at Rs 700 per sq.ft. The 2017 revision saw a decrease to Rs 469 per sq.ft, marking a change of -33% from the previous figure. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. The current 2024 revision, effective from 1 July 2024, maintains the guideline value at Rs 700 per sq.ft, reflecting a 0% change from the previous year. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 700 per sq.ft.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. Suseela Nagar's 2024 guideline value aligns with this median.

• Supreem City: Rs 1,500 per sq.ft (2024)
• Swarnamangala Nagar: Rs 700 per sq.ft (2024)
• Thamizh Selvi Nagar: Rs 700 per sq.ft (2024)
• Thangappan Avenue: Rs 700 per sq.ft (2024)
• Subramaniapuram: Rs 1,001 per sq.ft (2024)
• Thiru.Gopal Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Suseela Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. 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 Suseela Nagar?

The Sub Registrar Office that covers Suseela Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Kayirambedu, the guideline value plays a crucial role in determining the registration fees. The guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to understand that the guideline value may influence negotiations, as it serves as a reference point for property valuation. Ensuring that the sale price aligns with or exceeds the guideline value is necessary for a smooth registration process.

Frequently asked questions

What is the current guideline value of Suseela Nagar?

The current guideline value of Suseela Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2012, with a decrease to Rs 469 per sq.ft in 2017 and then returning to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification of Suseela Nagar?

Suseela Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the registration fees for property in Suseela Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations in Suseela Nagar?

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