Guideline Value for Sudhasanam Nagar

Sudhasanam Nagar guideline value

The current guideline value of Sudhasanam Nagar is Rs 803 per sq.ft, effective from 1 July 2024. This area is located in Kovilpathagai village and falls under the Ambattur SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Sudhasanam Nagar has changed

In the 2012 revision, the guideline value was set at Rs 200 per sq.ft. This figure saw a significant increase in the 2023 revision, where it reached Rs 803 per sq.ft, reflecting a change of +302%. The 2024 revision maintained this value at Rs 803 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 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 Sudhasanam Nagar's 2024 figure below that median.

• Sudharsanam Nagar -3: 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 Sudhasanam Nagar

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

Which Sub Registrar Office covers Sudhasanam Nagar?

The Sub Registrar Office that covers Sudhasanam Nagar is the Ambattur Sub Registrar Office. The address is 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 a critical factor in property transactions in Kovilpathagai, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration fees and stamp duty are calculated based on it.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process is essential for maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Sudhasanam Nagar?

The current guideline value of Sudhasanam Nagar 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%, rising from Rs 200 per sq.ft to Rs 803 per sq.ft in 2024.

What are the registration fees for property in Sudhasanam Nagar?

The registration fee for property in Sudhasanam Nagar is calculated based on the guideline value. For example, for a plot valued at Rs 8,03,000, the registration fee would be Rs 16,060 at 2%.

Which Sub Registrar Office is responsible for Sudhasanam Nagar?

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

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum price at which properties can be registered. It is also the basis for calculating stamp duty and registration fees during property transactions.