Guideline Value for Sudarsanam Nagar Extn

Sudarsanam Nagar Extn guideline value

The current guideline value of Sudarsanam Nagar Extn is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class IV Type - III.

How the guideline value of Sudarsanam Nagar Extn has changed

Over the years, the guideline value of Sudarsanam Nagar Extn has seen several revisions. The earliest recorded figure is from the 2007 revision, which was Rs 409 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 144%. However, in 2017, the value dropped to Rs 670 per sq.ft, a decrease of 33%. The 2023 revision saw the value increase to Rs 1,000 per sq.ft, and the latest revision in 2024 has set it at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year. Notably, the register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2007 to 2024, there has been a total increase of 169%. The fluctuations in the guideline value illustrate the changing landscape of property valuation in this area.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value of Sudarsanam Nagar Extn is below this median.

• Sudarshanam Nagar(s.No. 357,359): Rs 2,700 per sq.ft (2024)
• Sudhar sanam nagar (S.No. 121 to 169): Rs 1,100 per sq.ft (2024)
• Subramaniam Nagar: Rs 1,400 per sq.ft (2024)
• Subburayan Nayagar Street: Rs 1,100 per sq.ft (2024)
• Subburayan Nagar (Appaswamy Nayagar Street): Rs 1,400 per sq.ft (2024)
• Subash Street (S.No.194): Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sudarsanam Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Sudarsanam Nagar Extn?

The Sub Registrar Office covering Sudarsanam Nagar Extn is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thirumullaivoyal. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees. Buyers and sellers must consider the guideline value when negotiating the sale price of a property.

During the registration process, the guideline value is compared to the actual sale price. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price. This ensures that the transaction is recorded accurately and complies with legal requirements.

Frequently asked questions

What is the current guideline value of Sudarsanam Nagar Extn?

The current guideline value of Sudarsanam Nagar Extn is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 409 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 169% over the years.

What is the land classification of Sudarsanam Nagar Extn?

Sudarsanam Nagar Extn is classified as Residential Class IV Type - III, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Sudarsanam Nagar Extn?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office handles registrations for Sudarsanam Nagar Extn?

The Ambattur Sub Registrar Office handles registrations for Sudarsanam Nagar Extn, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.