Guideline Value for Sudarshanam Nagar(s.No. 357,359)

Sudarshanam Nagar(s.No. 357,359) guideline value

The current guideline value for Sudarshanam Nagar(s.No. 357,359) is Rs 2,700 per sq.ft, effective from 1 July 2024. This property is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Sudarshanam Nagar(s.No. 357,359) has changed

Over the years, the guideline value for Sudarshanam Nagar(s.No. 357,359) has seen significant changes. The 2007 revision recorded a guideline value of Rs 400 per sq.ft, which increased dramatically to Rs 2,500 per sq.ft in the 2012 revision. This marks a substantial increase of 525%. The guideline value remained unchanged at Rs 2,500 per sq.ft until the 2023 revision, which raised it to Rs 2,500 per sq.ft again, showing no change. The most recent revision in 2024 has further increased the value to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 575%.

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 for Sudarshanam Nagar(s.No. 357,359) is above this median, indicating a higher valuation compared to many other streets in the area.

• Sudarsanam Nagar Extn: Rs 1,100 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 Sudarshanam Nagar(s.No. 357,359)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total costs together to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sudarshanam Nagar(s.No. 357,359)?

The Sub Registrar Office covering Sudarshanam Nagar(s.No. 357,359) 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 is a crucial factor in property transactions in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay when completing a property transaction.

When buying or selling property, it is essential to be aware of the guideline value, as it directly impacts the overall costs involved in the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Sudarshanam Nagar(s.No. 357,359)?

The current guideline value of Sudarshanam Nagar(s.No. 357,359) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 575% over these years.

What is the land classification for Sudarshanam Nagar(s.No. 357,359)?

The land classification for Sudarshanam Nagar(s.No. 357,359) is Residential Special Type - II.

What are the stamp duty and registration fees for a property in Sudarshanam Nagar(s.No. 357,359)?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 2,43,000.

Where can I find the Sub Registrar Office for Sudarshanam Nagar(s.No. 357,359)?

The Sub Registrar Office for Sudarshanam Nagar(s.No. 357,359) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.