Guideline Value for Sudarsan Nagar Extension 12th Street

Sudarsan Nagar Extension 12th Street guideline value

The current guideline value of Sudarsan Nagar Extension 12th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. It is located in Madambakkam village under the Selaiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Sudarsan Nagar Extension 12th Street has changed

The guideline value for Sudarsan Nagar Extension 12th Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 3,300 per sq.ft, an increase of 10% from the 2023 revision, which was Rs 3,000 per sq.ft. Going back further, the 2017 revision recorded a guideline value of Rs 2,010 per sq.ft, reflecting a significant increase of 49% when compared to the 2023 figure. The 2012 revision also had a guideline value of Rs 3,000 per sq.ft, showing a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value.

Guideline values in Madambakkam

In Madambakkam, there are 1151 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Sudarsan Nagar Extension 12th Street, at Rs 3,300 per sq.ft, is above this median.

• Sudarsan Nagar Extension 11th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 13th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 10th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 14th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar Extension 12th 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 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sudarsan Nagar Extension 12th Street?

The Sub Registrar Office covering Sudarsan Nagar Extension 12th 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 in property transactions in Madambakkam, as it determines the minimum value at which properties can be registered. When a buyer purchases a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately with the government.

When selling a property, the seller must ensure that the sale price is at least equal to the guideline value to avoid any legal complications during the registration process. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar Extension 12th Street?

The current guideline value of Sudarsan Nagar Extension 12th 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, representing a 10% increase. The value also increased from Rs 2,010 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023, marking a 49% rise.

What are the stamp duty and registration fees for properties in Sudarsan Nagar Extension 12th Street?

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. The duty is charged based on the higher of the guideline value or the sale price.

Which office handles registrations for Sudarsan Nagar Extension 12th Street?

The Selaiyur Sub Registrar Office handles registrations for Sudarsan Nagar Extension 12th Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the land classification for Sudarsan Nagar Extension 12th Street?

Sudarsan Nagar Extension 12th Street is classified as Residential Special Type - III, indicating its intended use for residential purposes.