Guideline Value for SUSEELAMBAL NAGAR

Suseelambal Nagar guideline value

The current guideline value of Suseelambal Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Kolumanivakkam village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Suseelambal Nagar has changed

The guideline value for Suseelambal Nagar has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,210 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 1,100 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 737 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision had a guideline value of Rs 1,100 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for Suseelambal Nagar. Overall, from 2012 to 2024, there has been a slight increase of 10% in the guideline value.

Guideline values in Kolumanivakkam

In Kolumanivakkam, there are 47 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 880 to Rs 3,290 per sq.ft. The median guideline value for these streets is Rs 1,350 per sq.ft, which means that Suseelambal Nagar's 2024 figure is below the median.

• Sri Vijayalakshmi Nagar: Rs 880 per sq.ft (2024)
• Sri Thirupathi Nagar Phase II & III: Rs 1,350 per sq.ft (2024)
• Thirumal / Thirumalai Nagar: Rs 1,210 per sq.ft (2024)
• Sri Ram Nagar: Rs 1,350 per sq.ft (2024)
• Sri Rajarajeswari Nagar: Rs 880 per sq.ft (2024)
• Thirupathi Nagar: Rs 1,350 per sq.ft (2024)

Stamp duty and registration fee for property in Suseelambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees together to Rs 1,08,900. 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 Suseelambal Nagar?

The Sub Registrar Office that covers Suseelambal Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For further information, you can find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kolumanivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Suseelambal Nagar?

The current guideline value of Suseelambal Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2023 to Rs 1,210 per sq.ft in 2024, a 10% increase. It was Rs 737 per sq.ft in 2017 and Rs 1,100 per sq.ft in 2012, showing a significant increase of 49% from 2017 to 2023.

What is the land classification for Suseelambal Nagar?

The land classification for Suseelambal Nagar is Residential Special Type - I.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Suseelambal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 12,10,000 would incur a stamp duty of Rs 84,700 at 7%.