Guideline Value for Sudarsana Prasad Nagar

Sudarsana Prasad Nagar guideline value

The current guideline value of Sudarsana Prasad Nagar is Rs 800 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Sudarsana Prasad Nagar has changed

The guideline value for Sudarsana Prasad Nagar has seen several revisions over the years. In the 2007 revision, the rate was Rs 200 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 300% increase. However, this value remained unchanged in the 2012 revision until it dropped to Rs 536 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value rose again to Rs 800 per sq.ft, representing a 49% increase. Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 300%. The register does not have figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. Sudarsana Prasad Nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sudarsana Prasad Nagar

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, totaling Rs 72,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sudarsana Prasad Nagar?

The Sudarsana Prasad Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Vengadamangalam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

It is important for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. Proper understanding of these values can help in planning financial aspects related to property dealings.

Frequently asked questions

What is the current guideline value of Sudarsana Prasad Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally returned to Rs 800 per sq.ft in 2023.

What is the stamp duty rate for properties in Sudarsana Prasad Nagar?

The stamp duty rate for properties in Sudarsana Prasad Nagar is 7% of the guideline value or the sale price, whichever is higher.

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.

Is there a guideline value available for the year 2024?

No, the register does not have a guideline value figure for Sudarsana Prasad Nagar for the year 2024.