Guideline Value for Sudarsana Prasad Nagar-II

Sudarsana Prasad Nagar-II guideline value

The current guideline value of Sudarsana Prasad Nagar-II is Rs 800 per sq.ft. This area falls under the Gooduvancheri Sub Registrar Office (SRO) in Chengalpattu zone, with a land classification of Residential Special Type - II.

How the guideline value of Sudarsana Prasad Nagar-II has changed

The guideline value for Sudarsana Prasad Nagar-II has seen several revisions over the years. In 2007, the guideline value was Rs 160 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012, marking a 400% increase. However, this value remained unchanged in the 2012 revision and was again Rs 800 per sq.ft.

In the subsequent revision in 2017, the guideline value dropped to Rs 536 per sq.ft, a decrease of 33%. The latest revision in 2023 saw a return to Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure. Overall, from 2007 to 2023, the guideline value has increased by 400%.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Sudarsana Prasad Nagar-II is one of the streets in this area, and there are no other streets in Vengadamangalam under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Sudarsana Prasad Nagar-II

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, making the total Rs 72,000. 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 information.

Which Sub Registrar Office covers Sudarsana Prasad Nagar-II?

The Sudarsana Prasad Nagar-II area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Vengadamangalam. It is used to determine the stamp duty and registration fees that must be paid during the registration of property sales. Buyers and sellers should be aware that the guideline value is the basis for calculating these fees.

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

Frequently asked questions

What is the current guideline value of Sudarsana Prasad Nagar-II?

The current guideline value of Sudarsana Prasad Nagar-II is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly. It rose from Rs 160 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, dropped to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in 2023.

What are the stamp duty and registration fees for properties in this area?

For properties in Sudarsana Prasad Nagar-II, the stamp duty is 7% and the registration fee is 2%. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 72,000.

Which Sub Registrar Office covers this area?

The Gooduvancheri Sub Registrar Office covers Sudarsana Prasad Nagar-II. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there any guideline value for Vengadamangalam village?

Currently, there are no specific village figures available for Vengadamangalam. Sudarsana Prasad Nagar-II is one of the streets in this area.