Guideline Value for SUTHANTHIRA PONVIZHA NAGAR

Suthanthira Ponvizha Nagar guideline value

The current guideline value of Suthanthira Ponvizha Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Uthukadu-B village and falls under the Walajabad SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Suthanthira Ponvizha Nagar has changed

According to the guideline value register, there are no figures available for Suthanthira Ponvizha Nagar for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value was Rs 300 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

The 2024 revision has maintained the same guideline value of Rs 300 per sq.ft as in 2023, reflecting a change of +0%. This consistency suggests stability in the valuation for this street over the past two years.

Guideline values in Uthukadu-B

In Uthukadu-B, there are 33 streets under the Walajabad SRO, with guideline values ranging from Rs 200 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Suthanthira Ponvizha Nagar's 2024 figure below that median.

• S V P Garden: Rs 300 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 per sq.ft (2024)
• Srinath Nagar: Rs 800 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Balamurugan Nagar: Rs 350 per sq.ft (2024)
• Sri Balaji Avenue: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Suthanthira Ponvizha Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Suthanthira Ponvizha Nagar?

The Sub Registrar Office that covers Suthanthira Ponvizha Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value is a crucial factor during the registration process when buying or selling property in Uthukadu-B. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transactions.

When you register a property, the guideline value helps determine the official value of the property for taxation purposes. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Suthanthira Ponvizha Nagar?

The current guideline value of Suthanthira Ponvizha Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Suthanthira Ponvizha Nagar has remained at Rs 300 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Suthanthira Ponvizha Nagar?

The land classification for Suthanthira Ponvizha Nagar is Residential Class I Type - II. This classification indicates the type of development permitted in the area.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. This office handles all registration activities for the area.

How is the stamp duty calculated for properties in Suthanthira Ponvizha Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total stamp duty would be Rs 21,000.