Guideline Value for Sudarsan Nagar Ext 4th Cross Street

Sudarsan Nagar Ext 4th Cross Street guideline value

The current guideline value of Sudarsan Nagar Ext 4th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village and falls under the Selaiyur SRO, classified as Residential Special Type - III.

How the guideline value of Sudarsan Nagar Ext 4th Cross Street has changed

The guideline value for Sudarsan Nagar Ext 4th Cross Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, an increase from Rs 3,000 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 2,010 per sq.ft, which means there was a substantial 49% increase from 2017 to 2023. In 2012, the value was Rs 3,000 per sq.ft, indicating a decrease of 33% to the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10% from Rs 3,000 per sq.ft to Rs 3,300 per sq.ft.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO that carry 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 Ext 4th Cross Street above this median.

• Sudarsan Nagar Ext 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Ext 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Ext 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Ext 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 10th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar Ext 4th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sudarsan Nagar Ext 4th Cross Street?

The Sub Registrar Office that covers Sudarsan Nagar Ext 4th Cross 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 information.

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

The guideline value is a crucial factor in the registration of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. 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 Sudarsan Nagar Ext 4th Cross Street?

The current guideline value of Sudarsan Nagar Ext 4th Cross 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 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, with several revisions in between, including Rs 3,000 per sq.ft in 2023 and 2012.

What are the stamp duty and registration fees for property 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 Ext 4th Cross Street?

The Selaiyur Sub Registrar Office handles the registration for Sudarsan Nagar Ext 4th Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the land classification for Sudarsan Nagar Ext 4th Cross Street?

Sudarsan Nagar Ext 4th Cross Street is classified as Residential Special Type - III, indicating its suitability for residential development.