Guideline Value for Sudarsan Nagar

Sudarsan Nagar guideline value

The current guideline value of Sudarsan Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area is located in Mambakkam village and is classified under Commercial Class I Type - II. The relevant Sub Registrar Office for this region is the Gooduvancheri SRO.

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 160 per sq.ft. This increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a substantial rise of 650%. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The most recent revision in 2023 has set the guideline value back to Rs 1,200 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 650%. 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 Mambakkam

Currently, there are no specific village figures available for Mambakkam. Sudarsan Nagar is classified under the Gooduvancheri SRO, and there are no other streets in Mambakkam with guideline values provided.

Stamp duty and registration fee for property in Sudarsan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, making the total cost for these fees Rs 1,08,000. 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 precise calculations.

Which Sub Registrar Office covers Sudarsan Nagar?

The Sub Registrar Office that covers Sudarsan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Mambakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid. This ensures that the fees are calculated based on a standardized value set by the registration department.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Understanding these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar?

The current guideline value of Sudarsan Nagar is Rs 1,200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 160 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally returned to Rs 1,200 per sq.ft in 2023.

What is the stamp duty rate in Sudarsan Nagar?

The stamp duty rate in Sudarsan Nagar is 7%, which is calculated based on the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri SRO located?

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

Are there other streets in Mambakkam with guideline values?

Currently, there are no other streets in Mambakkam listed with guideline values provided in the register.