Guideline Value for Sudarsan Nagar

Sudarsan Nagar guideline value

The current guideline value of Sudarsan Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class V Type - I.

How the guideline value of Sudarsan Nagar has changed

The guideline value for Sudarsan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then changed to Rs 402 per sq.ft in 2017. Following this, the 2023 revision raised the value to Rs 600 per sq.ft, and the most recent 2024 revision has increased it further to Rs 800 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 reflects a 33% increase, showcasing the fluctuations in the guideline value over the years.

Guideline values in Ist Division

In Ist Division, there are 79 streets under the Kanchipuram Joint IV SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft, with a median value of Rs 880 per sq.ft. Sudarsan Nagar's guideline value of Rs 800 per sq.ft is below this median.

• Sudharsan Nagar: Rs 800 per sq.ft (2024)
• Sudharsan Nagar Extension: Rs 880 per sq.ft (2024)
• Suklapalayam Govindan Street: Rs 1,100 per sq.ft (2024)
• Suklapalayam Street @ V.N.Perumal Naidu Street: Rs 1,430 per sq.ft (2024)
• State Bank Kalani: Rs 1,100 per sq.ft (2024)
• Sunnambukara Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sudarsan Nagar?

The Sub Registrar Office that covers Sudarsan Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Ist Division, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used to calculate these fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it can influence the overall cost of the property transaction. Understanding how the guideline value is applied helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sudarsan Nagar?

The current guideline value of Sudarsan Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 800 per sq.ft in 2024.

What is the registration office for Sudarsan Nagar?

The registration office for Sudarsan Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What are the stamp duty and registration fees for a property in Sudarsan Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

What is the land classification of Sudarsan Nagar?

Sudarsan Nagar is classified as Residential Class V Type - I under the Kanchipuram Joint IV SRO.