Guideline Value for Sudarsan Nagar Extension 14th Street

Sudarsan Nagar Extension 14th Street guideline value

The current guideline value of Sudarsan Nagar Extension 14th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street 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 14th Street has changed

The guideline value for Sudarsan Nagar Extension 14th Street has undergone changes over the years, with the most recent revision in 2024 setting the value at Rs 3,300 per sq.ft. Prior to this, the 2012 revision recorded a value of Rs 3,000 per sq.ft, marking a 10% increase from that year to 2024.

There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street. Therefore, the only revisions with figures are from 2012 and 2024.

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 guideline value for these streets is Rs 2,400 per sq.ft, placing Sudarsan Nagar Extension 14th Street's value above this median.

• Sudarsan Nagar Extension 13th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 1st Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 12th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 2nd Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 11th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 3rd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar Extension 14th 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 cost together 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.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Sudarsan Nagar Extension 14th Street?

The Sub Registrar Office covering Sudarsan Nagar Extension 14th 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 further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Madambakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of property transactions. Accurate knowledge of these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar Extension 14th Street?

The current guideline value of Sudarsan Nagar Extension 14th 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 changed from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, representing a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Sudarsan Nagar Extension 14th Street?

Sudarsan Nagar Extension 14th Street is classified as Residential Special Type - III, indicating its designation for residential use.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000, with a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000, totaling Rs 2,97,000. The duty is charged on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers this area?

The Selaiyur Sub Registrar Office covers Sudarsan Nagar Extension 14th Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.