Guideline Value for Sudarsan Nagar Extension 4th Street

Sudarsan Nagar Extension 4th Street guideline value

The current guideline value of Sudarsan Nagar Extension 4th 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 4th Street has changed

The guideline value for Sudarsan Nagar Extension 4th Street has undergone several revisions over the years. The oldest revision noted is from 2012, where the guideline value was Rs 3,000 per sq.ft. The most recent revision in 2024 increased this value to Rs 3,300 per sq.ft, reflecting a change of +10% from the 2012 figure.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2017, and 2023 for this street. Therefore, the only revisions that show a guideline value are from 2012 and 2024.

Guideline values in Madambakkam

In Madambakkam, there are a total of 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 guideline value in this village is Rs 2,400 per sq.ft, placing Sudarsan Nagar Extension 4th Street's 2024 figure above that median.

• Sudarsan Nagar Extension 1st Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 2nd Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 3rd Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 4th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 5th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 6th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 7th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar Extension 4th 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, bringing the total 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.

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

Which Sub Registrar Office covers Sudarsan Nagar Extension 4th Street?

The Sub Registrar Office that covers Sudarsan Nagar Extension 4th 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 the registration of 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 adequate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers and sellers to be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar Extension 4th Street?

The current guideline value of Sudarsan Nagar Extension 4th 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 figures available for the years 2002, 2003, 2007, 2017, and 2023.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft. The guideline value of Sudarsan Nagar Extension 4th Street is above this median.

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

Where is the Sub Registrar Office for Sudarsan Nagar Extension 4th Street 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. This office handles registrations for properties in this area.