Guideline Value for Sri Jayendira Saraswathi Suwamigal Nagar Extn

Sri Jayendira Saraswathi Suwamigal Nagar Extn guideline value

The current guideline value for Sri Jayendira Saraswathi Suwamigal Nagar Extn is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification is Residential Special Type - I.

How the guideline value of Sri Jayendira Saraswathi Suwamigal Nagar Extn has changed

The guideline value for Sri Jayendira Saraswathi Suwamigal Nagar Extn has seen several revisions over the years. The 2007 revision set the value at Rs 750 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision. However, the value dropped to Rs 804 per sq.ft in the 2017 revision before stabilizing at Rs 1,200 per sq.ft in both the 2023 and 2024 revisions. Notably, the register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The value saw a 60% increase from 2007 to 2012, and overall, from 2007 to 2024, the increase is also 60%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, placing Sri Jayendira Saraswathi Suwamigal Nagar Extn above this median.

• Sri Jayendira Saraswathi Suwamigal Nagar: Rs 1,200 per sq.ft (2024)
• Sri Jakki Vasudev Nagar - II: Rs 1,000 per sq.ft (2024)
• Sri Jakki Vasudev Nagar: Rs 1,000 per sq.ft (2024)
• Sri Gomathi Nagar: Rs 800 per sq.ft (2024)
• Sri Lingam Nagar: Rs 700 per sq.ft (2024)
• Sri Lingam Nagar Extn: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Jayendira Saraswathi Suwamigal Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Jayendira Saraswathi Suwamigal Nagar Extn?

The Sub Registrar Office that covers Sri Jayendira Saraswathi Suwamigal Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Karanaipuducheri. It is used to determine the stamp duty and registration fees during the property registration process. Buyers and sellers must be aware of the guideline value as it directly impacts the costs associated with the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is transparent and reflects the value of the property accurately.

Frequently asked questions

What is the current guideline value for Sri Jayendira Saraswathi Suwamigal Nagar Extn?

The current guideline value for Sri Jayendira Saraswathi Suwamigal Nagar Extn is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 1,200 per sq.ft in both 2023 and 2024. The value increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023, marking a 49% increase.

Which Sub Registrar Office is responsible for this area?

The Gooduvancheri Sub Registrar Office is responsible for Sri Jayendira Saraswathi Suwamigal Nagar Extn. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Sri Jayendira Saraswathi Suwamigal Nagar Extn is 7%. This is calculated based on the higher of the guideline value or the sale price.

What are the other streets in Karanaipuducheri with their guideline values?

Other streets in Karanaipuducheri include Sri Jakki Vasudev Nagar - II and Sri Jakki Vasudev Nagar, both at Rs 1,000 per sq.ft, and Sri Gomathi Nagar at Rs 800 per sq.ft. Sri Lingam Nagar and Sri Lingam Nagar Extn have a guideline value of Rs 700 per sq.ft.