Guideline Value for Soundarya Nagar

Soundarya Nagar guideline value

The current guideline value of Soundarya Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Appur village under the Chengleput Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Soundarya Nagar has changed

In the 2007 revision, the guideline value was Rs 25 per sq.ft. This figure saw a significant increase to Rs 500 per sq.ft in the 2012 revision, marking a change of +1900%. However, from 2012 to 2017, the value decreased to Rs 335 per sq.ft, a change of -33%. The guideline value then rose to Rs 500 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +1900%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Appur

In Appur, there are 7 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 1,642 per sq.ft. The median value is Rs 500 per sq.ft, which is where Soundarya Nagar's 2024 figure sits.

• Sri Padmavathi Nagar: Rs 500 per sq.ft (2024)
• Sunrais Avenue: Rs 500 per sq.ft (2024)
• Karthikeyan Nagar: Rs 500 per sq.ft (2024)
• Ekansha Avenue: Rs 1,642 per sq.ft (2024)
• Soundarya Nagar Phase - I: Rs 500 per sq.ft (2024)
• சௌந்தர்யா நகர் பேஸ் II: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Soundarya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Soundarya Nagar?

The Sub Registrar Office that covers Soundarya 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 Appur

The guideline value is an essential factor in the registration process when buying or selling property in Appur. It determines the minimum value at which the property can be registered, ensuring that the transaction is conducted at a fair value as per government regulations.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Soundarya Nagar?

The current guideline value of Soundarya Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 25 per sq.ft in 2007 to Rs 500 per sq.ft in 2024, marking an overall increase of +1900%.

What are the other streets in Appur with guideline values?

Other streets in Appur under the Chengleput Joint II SRO include Sri Padmavathi Nagar, Sunrais Avenue, Karthikeyan Nagar, Ekansha Avenue, Soundarya Nagar Phase - I, and சௌந்தர்யா நகர் பேஸ் II.

How is stamp duty calculated for properties in Soundarya Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Soundarya Nagar?

The Sub Registrar Office covering Soundarya Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information by visiting the relevant link.