Guideline Value for Sugh Dev Residency

Sugh Dev Residency guideline value

The current guideline value for Sugh Dev Residency is Rs 3,000 per sq.ft, effective from 1 July 2024. This property is located in Padappai village, under the Padappai SRO, and is classified as Residential Class IV Type - V.

How the guideline value of Sugh Dev Residency has changed

The guideline value for Sugh Dev Residency has undergone several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 750 per sq.ft. From 2012 to the latest revision in 2024, the value increased by 300%, reaching Rs 3,000 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the significant increase from Rs 750 in 2012 to Rs 3,000 in 2024 reflects a considerable change in the guideline value. This increase highlights the evolving property landscape in Padappai village.

Guideline values in Padappai

In Padappai, there are 146 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,000 per sq.ft, with a median value of Rs 830 per sq.ft. The guideline value for Sugh Dev Residency is above this median, indicating its higher valuation compared to many other streets in the area.

• Sumathi Nagar: Rs 830 per sq.ft (2024)
• Sumathi Nagar S.No.320/4, 4a(Part): Rs 830 per sq.ft (2024)
• Sundara Vinayagar Koil Street: Rs 830 per sq.ft (2024)
• Sundar Nagar: Rs 830 per sq.ft (2024)
• St Nagar: Rs 1,330 per sq.ft (2024)
• StepStone: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sugh Dev Residency

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total fees to Rs 2,70,000. It is important to note that the 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 Sugh Dev Residency?

The Sub Registrar Office that covers Sugh Dev Residency is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Padappai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sugh Dev Residency?

The current guideline value of Sugh Dev Residency is Rs 3,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 3,000 per sq.ft in 2024, representing a 300% increase.

Are there any revisions without figures for Sugh Dev Residency?

Yes, the register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for Sugh Dev Residency.

What are the stamp duty and registration fees for property in Sugh Dev Residency?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,10,000 and the registration fee would be Rs 60,000, totaling Rs 2,70,000.

Where is the Sub Registrar Office for Sugh Dev Residency located?

The Sub Registrar Office for Sugh Dev Residency is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.