Guideline Value for Sudarsan Nagar Extension 9th Street

Sudarsan Nagar Extension 9th Street guideline value

The current guideline value of Sudarsan Nagar Extension 9th 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 9th Street has changed

The guideline value for Sudarsan Nagar Extension 9th Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,000 per sq.ft. In 2017, the value decreased to Rs 2,010 per sq.ft, marking a decline of 33%. However, this was followed by a significant increase to Rs 3,000 per sq.ft in 2023, and then to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with 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, placing Sudarsan Nagar Extension 9th Street above that median.

• Sudarsan Nagar Extension 8th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Gnanadha Nagar Link Road: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 7th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Madampakkam Main Road: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Extension 6th Street: Rs 3,300 per sq.ft (2024)
• Sudarsan Nagar Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar Extension 9th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sudarsan Nagar Extension 9th Street?

The Sub Registrar Office that covers Sudarsan Nagar Extension 9th 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 property transactions in Madambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate applicable stamp duty and registration fees.

Buyers and sellers should be aware that the guideline value can differ significantly between different streets and areas, reflecting local market conditions. It is advisable to check the latest guideline values before making any property transactions.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar Extension 9th Street?

The current guideline value of Sudarsan Nagar Extension 9th 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 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the median guideline value in Madambakkam?

The median guideline value in Madambakkam is Rs 2,400 per sq.ft, with Sudarsan Nagar Extension 9th Street's value being above this median.

What are the stamp duty and registration fees for properties in Sudarsan Nagar Extension 9th Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Where can I find the Sub Registrar Office for Sudarsan Nagar Extension 9th Street?

The Selaiyur Sub Registrar Office covers Sudarsan Nagar Extension 9th Street, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.