Guideline Value for Sudharsan Nagar

Sudharsan Nagar guideline value

The current guideline value of Sudharsan Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This area is located in Ist Division village under the Kanchipuram Joint IV SRO, classified as Residential Class V Type - I.

How the guideline value of Sudharsan Nagar has changed

The guideline value for Sudharsan Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 600 per sq.ft. This value remained the same until 2017 when it decreased to Rs 402 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, and in the latest revision for 2024, it further rose to Rs 800 per sq.ft, reflecting a 33% increase from the previous year.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%. Then, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value increased by 33%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

In the Ist Division under the Kanchipuram Joint IV SRO, there are 79 streets that carry a 2024 guideline value, ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, placing Sudharsan Nagar's 2024 figure below that median.

• Sudharsan Nagar Extension: Rs 880 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

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total 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, leading to a total of Rs 72,000. 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?

The Sub Registrar Office that covers Sudharsan Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, 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 Ist Division

The guideline value is a crucial factor in property transactions in Ist Division. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the government and is updated periodically to reflect changes in the real estate market.

When selling property, the guideline value can influence the sale price, as it provides a benchmark for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of property transactions.

Frequently asked questions

What is the current guideline value of Sudharsan Nagar?

The current guideline value of Sudharsan Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 800 per sq.ft in 2024, with significant increases in 2023 and 2024.

What are the other streets with guideline values in Ist Division?

Other streets in Ist Division include Sudharsan Nagar Extension at Rs 880 per sq.ft, Suklapalayam Govindan Street at Rs 1,100 per sq.ft, and Suklapalayam Street @ V.N.Perumal Naidu Street at Rs 1,430 per sq.ft.

What is the stamp duty rate for property in Sudharsan Nagar?

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

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

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