Guideline Value for Sudharsanam Nagar -3

Sudharsanam Nagar -3 guideline value

The current guideline value of Sudharsanam Nagar -3 is Rs 803 per sq.ft. This property is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class IV Type - I.

How the guideline value of Sudharsanam Nagar -3 has changed

The guideline value for Sudharsanam Nagar -3 has seen significant changes over the years. The earliest recorded figure is from the 2012 revision at Rs 200 per sq.ft. This value increased to Rs 803 per sq.ft in the 2023 revision, marking a substantial increase of 302%. The current 2024 revision also maintains this figure at Rs 803 per sq.ft, showing no change from the previous year.

There are no recorded figures for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 302%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value in this area is Rs 870 per sq.ft, placing Sudharsanam Nagar -3's 2024 figure below this median.

• Sudhasanam Nagar: Rs 803 per sq.ft (2024)
• Sundaraj Street (Kannada Palayam): Rs 806 per sq.ft (2024)
• Sundaraperumal Koil Street (Kanadapalayam): Rs 806 per sq.ft (2024)
• Subbukilari Street: Rs 880 per sq.ft (2024)
• Sunnambu Kuttai: Rs 806 per sq.ft (2024)
• Subash Chandrabose Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sudharsanam Nagar -3

For a 1,000 sq.ft plot at the current guideline value of Rs 803 per sq.ft, the total guideline value amounts to Rs 8,03,000. The stamp duty at 7% would be Rs 56,210, and the registration fee at 2% would be Rs 16,060, bringing the total to Rs 72,270. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sudharsanam Nagar -3?

The Sub Registrar Office that covers Sudharsanam Nagar -3 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 Kovilpathagai

The guideline value is an essential factor in the registration process of property transactions in Kovilpathagai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transfers.

When buying or selling a property, the guideline value is compared to the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, which are mandatory for legal property transactions.

Frequently asked questions

What is the current guideline value of Sudharsanam Nagar -3?

The current guideline value of Sudharsanam Nagar -3 is Rs 803 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2012?

Since 2012, the guideline value has increased by 302%, from Rs 200 per sq.ft to Rs 803 per sq.ft in 2024.

What are the other streets in Kovilpathagai with their guideline values?

Other streets in Kovilpathagai include Sundaraj Street (Kannada Palayam) at Rs 806 per sq.ft, Sundaraperumal Koil Street (Kanadapalayam) at Rs 806 per sq.ft, Subbukilari Street at Rs 880 per sq.ft, Sunnambu Kuttai at Rs 806 per sq.ft, and Subash Chandrabose Street at Rs 880 per sq.ft.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Sudharsanam Nagar -3?

Stamp duty for properties in Sudharsanam Nagar -3 is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 8,03,000, the stamp duty would be Rs 56,210 at a rate of 7%.