Guideline Value for Sudarsan Nagar Extension 10th Street

Sudarsan Nagar Extension 10th Street guideline value

The current guideline value of Sudarsan Nagar Extension 10th 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 Extension 10th Street has changed

The guideline value for Sudarsan Nagar Extension 10th Street has undergone several revisions over the years. The earliest available revision is from 2012, which set the guideline value at Rs 3,000 per sq.ft. This was followed by a decrease to Rs 2,010 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 3,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a rise of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO carrying 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, indicating that the guideline value for Sudarsan Nagar Extension 10th Street is above this median.

• Sudarsan Nagar Extension: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 11th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Ext 5th Cross Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 12th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Ext 4th Cross Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 13th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar Extension 10th 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 charges to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sudarsan Nagar Extension 10th Street?

The Sub Registrar Office that covers Sudarsan Nagar Extension 10th 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 plays a crucial role in property transactions in Madambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value helps ensure that the transaction reflects a fair price, as it is used to calculate stamp duty and registration fees.

During the registration process, buyers and sellers must provide the guideline value to the Sub Registrar Office. This value is essential for calculating applicable taxes and fees, ensuring compliance with local regulations. It is important for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Sudarsan Nagar Extension 10th Street?

The current guideline value for Sudarsan Nagar Extension 10th 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, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for this street?

Sudarsan Nagar Extension 10th Street is classified as Residential Special Type - III, which indicates its zoning for residential purposes.

What are the registration fees based on the guideline value?

The registration fees are calculated based on the guideline value, which for a 1,000 sq.ft plot at Rs 3,300 per sq.ft amounts to Rs 2,97,000 in total charges, including stamp duty and registration fees.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information by visiting the provided link.