Guideline Value for Sudarsan Nagar Extension 3rd Street

Sudarsan Nagar Extension 3rd Street guideline value

The current guideline value of Sudarsan Nagar Extension 3rd Street is Rs 3,300 per sq.ft. 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 3rd Street has changed

Looking at the revisions, the guideline value for Sudarsan Nagar Extension 3rd Street has remained at Rs 3,000 per sq.ft from the 2012 revision until the 2023 revision. In 2024, the value was revised to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is also +10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

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. The median value for these streets is Rs 2,400 per sq.ft, indicating that Sudarsan Nagar Extension 3rd Street's 2024 guideline value is above this median.

• Sudarsan Nagar Extension 2nd Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 4th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 1st Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 5th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 14th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 6th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar Extension 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sudarsan Nagar Extension 3rd Street?

The Sub Registrar Office covering Sudarsan Nagar Extension 3rd 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 is an important factor when buying or selling property in Madambakkam, as it determines the minimum value at which a property can be registered. This value is set by the government and is updated periodically to reflect changes in the real estate market.

When registering a property, buyers must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is officially recorded and that the appropriate taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar Extension 3rd Street?

The current guideline value of Sudarsan Nagar Extension 3rd 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 3,300 per sq.ft in 2024, showing a 10% increase over this period.

What is the land classification for Sudarsan Nagar Extension 3rd Street?

Sudarsan Nagar Extension 3rd Street is classified as Residential Special Type - III under the Selaiyur SRO.

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.

What are the stamp duty and registration fees for properties 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.