Guideline Value for Sudarsan Nagar Extension 13th Street

Sudarsan Nagar Extension 13th Street guideline value

The current guideline value of Sudarsan Nagar Extension 13th 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. The land classification for this area is Residential Special Type - III.

How the guideline value of Sudarsan Nagar Extension 13th Street has changed

The guideline value for Sudarsan Nagar Extension 13th Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,300 per sq.ft in the 2024 revision, marking a 64% increase from the 2017 figure. Overall, from 2012 to 2024, there has been a slight increase of 10%.

It is important to note that there are no figures available for the years 2023, 2007, 2003, and 2002 in the register for this street. Therefore, the most relevant revisions are from 2012, 2017, and 2024.

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 for these streets is Rs 2,400 per sq.ft. Sudarsan Nagar Extension 13th Street's 2024 figure of Rs 3,300 per sq.ft is above this median.

• Sudarsan Nagar Extension 12th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 14th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 11th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 1st Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 10th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar Extension 13th 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, charged at 7%, would be Rs 2,31,000, and the registration fee, charged at 2%, would be Rs 66,000. Together, the total cost for these fees would be Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sudarsan Nagar Extension 13th Street?

The Sub Registrar Office that covers Sudarsan Nagar Extension 13th Street is the Selaiyur Sub Registrar Office. The address is No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO here.

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

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

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar Extension 13th Street?

The current guideline value of Sudarsan Nagar Extension 13th 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. This represents a 64% increase from 2017 to 2024.

What is the land classification for Sudarsan Nagar Extension 13th Street?

The land classification for Sudarsan Nagar Extension 13th Street is Residential Special Type - III.

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

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.