Guideline Value for Sudarsan Nagar Extension 6th Street

Sudarsan Nagar Extension 6th Street guideline value

The current guideline value of Sudarsan Nagar Extension 6th 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 6th Street has changed

The guideline value for Sudarsan Nagar Extension 6th Street has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 3,000 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no registered figures for Sudarsan Nagar Extension 6th Street for the years 2002, 2003, 2007, and 2017. Therefore, the only available figures are from the 2012, 2023, and 2024 revisions, showing an overall increase of 10% from 2012 to 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, with a median value of Rs 2,400 per sq.ft. The guideline value for Sudarsan Nagar Extension 6th Street is above this median.

• Sudarsan Nagar Extension 5th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 7th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 4th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 8th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 3rd Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 9th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar Extension 6th 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, while the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees 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.

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

Which Sub Registrar Office covers Sudarsan Nagar Extension 6th Street?

The Sub Registrar Office that covers Sudarsan Nagar Extension 6th 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 is a crucial factor in the registration process when buying or selling property in Madambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the applicable fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar Extension 6th Street?

The current guideline value of Sudarsan Nagar Extension 6th 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 remained at Rs 3,000 per sq.ft from 2012 to 2023, but increased to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

What are the other streets in Madambakkam with the same guideline value?

Other streets in Madambakkam, such as Sudarsan Nagar Extension 5th, 7th, 4th, 8th, 3rd, and 9th Streets, also have a guideline value of Rs 3,300 per sq.ft in 2024.

What is the registration office for Sudarsan Nagar Extension 6th Street?

The registration office for Sudarsan Nagar Extension 6th Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.