Guideline Value for Sudarsan Nagar

Sudarsan Nagar guideline value

The current guideline value of Sudarsan Nagar is Rs 1,150 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Sudarsan Nagar has changed

Over the years, the guideline value of Sudarsan Nagar has seen several revisions. In the 2007 revision, the guideline value was Rs 450 per sq.ft, which increased significantly to Rs 1,150 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 770 per sq.ft. The most recent 2023 revision brought the guideline value back up to Rs 1,150 per sq.ft, marking a 49% increase from the 2017 figure.

Looking at the changes in detail, from 2007 to 2012, there was a remarkable increase of 156%. The value then decreased by 33% from 2012 to 2017. Overall, from 2007 to 2023, the guideline value has increased by 156%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Kilambakkam

Currently, there are no specific village figures provided for Kilambakkam. Sudarsan Nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sudarsan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,150 per sq.ft, the total guideline value amounts to Rs 11,50,000. The stamp duty at 7% would be Rs 80,500, and the registration fee at 2% would be Rs 23,000, resulting in a total cost of Rs 1,03,500. 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?

The Sudarsan Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Kilambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Kilambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar?

The current guideline value of Sudarsan Nagar is Rs 1,150 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2023 bringing it to Rs 1,150 per sq.ft. It was Rs 770 per sq.ft in 2017, Rs 1,150 per sq.ft in 2012, and Rs 450 per sq.ft in 2007.

What is the land classification of Sudarsan Nagar?

Sudarsan Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sudarsan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 1,150 per sq.ft, the total guideline value would be Rs 11,50,000, leading to a stamp duty of Rs 80,500.