Guideline Value for SUSEELA NAGAR

Suseela Nagar guideline value

The current guideline value of Suseela Nagar, located in Kelambakkam village under the Thiruporur SRO, is Rs 1,250 per sq.ft as per the 2023 revision. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Suseela Nagar has changed

The guideline value for Suseela Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 400 per sq.ft, which increased significantly to Rs 1,250 per sq.ft in the 2012 revision, marking a 213% rise. However, in the 2017 revision, the value dropped to Rs 837 per sq.ft, reflecting a decrease of 33% from the previous revision. The most recent revision in 2023 saw the value return to Rs 1,250 per sq.ft, representing a 49% increase from the 2017 figure.

Overall, from 2007 to 2023, the guideline value has increased by 213%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kelambakkam

Currently, there are no specific village figures available for Kelambakkam. Suseela Nagar's guideline value is part of the broader context of the Kelambakkam guideline value. There are no other streets in Kelambakkam listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Suseela Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,250 per sq.ft, the guideline value amounts to Rs 12,50,000. The stamp duty at 7% would be Rs 87,500, and the registration fee at 2% would be Rs 25,000, bringing the total to Rs 1,12,500. It is essential 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 Suseela Nagar?

The Suseela Nagar area falls under the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kelambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must be aware that the guideline value influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. Therefore, understanding the current guideline value is essential for all parties involved in real estate transactions in this area.

Frequently asked questions

What is the current guideline value of Suseela Nagar?

The current guideline value of Suseela Nagar is Rs 1,250 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,250 per sq.ft in 2012, then decreased to Rs 837 per sq.ft in 2017, and returned to Rs 1,250 per sq.ft in 2023.

What is the stamp duty for property in Suseela Nagar?

The stamp duty for property in Suseela Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is based on various factors including land classification and historical revisions. It serves as a benchmark for property registration in the area.