Guideline Value for Sudarsan Nagar 11th Street

Sudarsan Nagar 11th Street guideline value

The current guideline value of Sudarsan Nagar 11th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Sudarsan Nagar 11th Street has changed

The guideline value for Sudarsan Nagar 11th Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. However, with the 2024 revision, the guideline value increased significantly to Rs 3,300 per sq.ft, marking a 64% rise from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2023 in the register for this street. The fluctuations in guideline value reflect the revisions that have occurred, particularly the notable rise from 2017 to 2024.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Sudarsan Nagar 11th Street's 2024 figure above this median.

• Sudarsan Nagar 10th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar 12th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar 13th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar 14th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sudarsan Nagar 11th Street?

The Sub Registrar Office covering Sudarsan Nagar 11th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Madambakkam. It serves as a reference for determining the minimum value at which properties can be registered, ensuring transparency and fairness in the property market.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. This value helps in establishing a baseline for property transactions, thereby aiding in the legal process of property transfer.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar 11th Street?

The current guideline value of Sudarsan Nagar 11th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, and then increased to Rs 3,300 per sq.ft in 2024, marking a 64% rise from 2017.

What is the land classification for Sudarsan Nagar 11th Street?

Sudarsan Nagar 11th Street is classified as Residential Special Type - III.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Sudarsan Nagar 11th Street?

The Selaiyur Sub Registrar Office handles the registration for Sudarsan Nagar 11th Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.