Guideline Value for Sri Suyambulingam Nagar Annex-II

Sri Suyambulingam Nagar Annex-II guideline value

The current guideline value of Sri Suyambulingam Nagar Annex-II is Rs 1,006 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village under the Redhills SRO, classified as Residential Class III Type - I.

How the guideline value of Sri Suyambulingam Nagar Annex-II has changed

The guideline value for Sri Suyambulingam Nagar Annex-II has seen significant changes over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012, marking a 150% increase. However, it dropped to Rs 335 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 500 per sq.ft, which then surged to Rs 1,006 per sq.ft in 2024, reflecting a remarkable 101% increase.

Overall, from 2007 to 2024, the guideline value has increased by 403%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft. The median value for these streets is Rs 1,003 per sq.ft, placing Sri Suyambulingam Nagar Annex-II's 2024 figure above this median.

• Sri Suyambulingam Nagar Annex IV: Rs 1,006 per sq.ft (2024)
• Sri Srinivasa Modern Town: Rs 1,006 per sq.ft (2024)
• Sri Vetri Nagar Extention: Rs 1,004 per sq.ft (2024)
• Sri Vetri Nagar Extn.: Rs 1,004 per sq.ft (2024)
• Sri Sabhari Nagar: Rs 1,004 per sq.ft (2024)
• Sri Perumal Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Suyambulingam Nagar Annex-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value amounts to Rs 10,06,000. The stamp duty at 7% would be Rs 70,420, and the registration fee at 2% would be Rs 20,120, totaling Rs 90,540. It's important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Sri Suyambulingam Nagar Annex-II?

The Sub Registrar Office that covers Sri Suyambulingam Nagar Annex-II is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Vadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Sri Suyambulingam Nagar Annex-II?

The current guideline value of Sri Suyambulingam Nagar Annex-II is Rs 1,006 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 200 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, reflecting an overall increase of 403%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 10,06,000, the stamp duty would be Rs 70,420 and the registration fee would be Rs 20,120, totaling Rs 90,540.

Which Sub Registrar Office is responsible for this area?

The Redhills Sub Registrar Office is responsible for Sri Suyambulingam Nagar Annex-II, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

Where can I find more information about guideline values in Vadaperumbakkam?

For more information about guideline values in Vadaperumbakkam, you can refer to the Registration Department's guideline value register (TNReginet).