Guideline Value for Sudarsan Nagar Extension 5th Street

Sudarsan Nagar Extension 5th Street guideline value

The current guideline value of Sudarsan Nagar Extension 5th 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 5th Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 10%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2017 for Sudarsan Nagar Extension 5th Street. The 2024 figure of Rs 3,300 per sq.ft is the highest recorded for this street in the available revisions.

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, making the 2024 figure for Sudarsan Nagar Extension 5th Street above the median.

• Sudarsan Nagar Extension 4th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 6th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 3rd Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 7th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 2nd Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 8th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar Extension 5th 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 for stamp duty and registration 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sudarsan Nagar Extension 5th Street?

The Sub Registrar Office that covers Sudarsan Nagar Extension 5th 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 a crucial factor in the registration process when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When registering a property, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, which can significantly impact the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar Extension 5th Street?

The current guideline value of Sudarsan Nagar Extension 5th 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 increased from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase between these years.

What is the registration office for Sudarsan Nagar Extension 5th Street?

The registration office for Sudarsan Nagar Extension 5th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in this area is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about guideline values in Madambakkam?

For more information about guideline values in Madambakkam, you can refer to the Registration Department's guideline value register (TNReginet) or visit the Selaiyur SRO.