Guideline Value for Sudharsan Nagar Extension

Sudharsan Nagar Extension guideline value

The current guideline value of Sudharsan Nagar Extension is Rs 880 per sq.ft, effective from 1 July 2024. This property is located in Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class II Type - I.

How the guideline value of Sudharsan Nagar Extension has changed

The guideline value for Sudharsan Nagar Extension has seen several revisions over the years. The 2012 revision recorded a value of Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 800 per sq.ft. The most recent revision in 2024 has raised the value to Rs 880 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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. Sudharsan Nagar Extension's 2024 guideline value aligns with this median.

• Sudharsan Nagar: Rs 800 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)
• Sudarsan Nagar: Rs 800 per sq.ft (2024)
• Sunnambukara Street: Rs 1,650 per sq.ft (2024)
• State Bank Kalani: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sudharsan Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sudharsan Nagar Extension?

The Sub Registrar Office that covers Sudharsan Nagar Extension 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

The guideline value plays a crucial role in property transactions in Ist Division. It is used as a basis for calculating stamp duty and registration fees, ensuring that buyers and sellers adhere to the legal requirements set by the registration department.

When a property is bought or sold, the guideline value helps determine the minimum value at which the property must be registered. This ensures transparency and fairness in property transactions, protecting both buyers and sellers.

Frequently asked questions

What is the current guideline value of Sudharsan Nagar Extension?

The current guideline value of Sudharsan Nagar Extension is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the classification of land in Sudharsan Nagar Extension?

The land classification for Sudharsan Nagar Extension is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Sudharsan Nagar Extension?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000, leading to specific fees based on this value.