Guideline Value for Sugandhammal Nagar 4th Street

Sugandhammal Nagar 4th Street guideline value

The current guideline value of Sugandhammal Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Selavoyal village under the Madhavaram SRO, classified as Residential Special Type - I.

How the guideline value of Sugandhammal Nagar 4th Street has changed

The guideline value for Sugandhammal Nagar 4th Street has seen several revisions over the years. In 2012, the value was Rs 3,000 per sq.ft, which decreased to Rs 2,010 per sq.ft in 2017. This was a decline of 33%. However, the value rose significantly to Rs 3,000 per sq.ft in 2023, and then increased by 10% to Rs 3,300 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Selavoyal

In Selavoyal, there are 170 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Sugandhammal Nagar 4th Street above this median.

• Sugandhammal Nagar: Rs 3,300 per sq.ft (2024)
• Sugandhammal Nagar 5th Street: Rs 3,300 per sq.ft (2024)
• Sugandhammal 3rd Street: Rs 3,300 per sq.ft (2024)
• Sugandhammal 2nd Street: Rs 3,300 per sq.ft (2024)
• Sugandhammal 1st Street: Rs 3,300 per sq.ft (2024)
• Subam Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sugandhammal Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sugandhammal Nagar 4th Street?

The Sugandhammal Nagar 4th Street falls under the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Selavoyal

The guideline value is a crucial factor in the registration process when buying or selling property in Selavoyal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer and seller must ensure that the sale price is either equal to or higher than the guideline value. This ensures compliance with local regulations and helps in the accurate assessment of taxes due at the time of registration.

Frequently asked questions

What is the current guideline value of Sugandhammal Nagar 4th Street?

The current guideline value of Sugandhammal Nagar 4th Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Sugandhammal Nagar 4th Street?

Sugandhammal Nagar 4th Street is classified as Residential Special Type - I under the Madhavaram SRO.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Sugandhammal Nagar 4th Street?

The Madhavaram Sub Registrar Office handles registrations for Sugandhammal Nagar 4th Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.