Guideline Value for Sudarsan Nagar Ext 5th Cross Street

Sudarsan Nagar Ext 5th Cross Street guideline value

The current guideline value of Sudarsan Nagar Ext 5th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, classified as Residential Special Type - III.

How the guideline value of Sudarsan Nagar Ext 5th Cross Street has changed

The guideline value for Sudarsan Nagar Ext 5th Cross Street has seen several revisions over the years. In 2012, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 3,000 per sq.ft. The latest revision in 2024 set the guideline value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007. The overall change from 2012 to 2024 shows an increase of 10% in the guideline value.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, placing Sudarsan Nagar Ext 5th Cross Street's 2024 figure above this median.

• Sudarsan Nagar Ext 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Ext 3rd Cross Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 10th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Ext 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 11th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar Ext 5th 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 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, totaling Rs 2,97,000. Please 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 further assistance.

Which Sub Registrar Office covers Sudarsan Nagar Ext 5th Cross Street?

The Sub Registrar Office that covers Sudarsan Nagar Ext 5th 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 details.

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

The guideline value is a crucial factor when registering property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value helps both buyers and sellers understand the fair valuation of the property. It is important to note that the final registration costs are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar Ext 5th Cross Street?

The current guideline value of Sudarsan Nagar Ext 5th 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 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,010 per sq.ft in 2017, showing a significant increase of 49% to 2023.

What is the land classification for Sudarsan Nagar Ext 5th Cross Street?

Sudarsan Nagar Ext 5th Cross Street is classified as Residential Special Type - III.

What are the registration fees for a property in this area?

The registration fees for a property in Sudarsan Nagar Ext 5th Cross Street include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Sudarsan Nagar Ext 5th Cross Street is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.