Guideline Value for Sujitha Nagar

Sujitha Nagar guideline value

The current guideline value of Sujitha Nagar, located in Kolathur village under the Sriperumpudur SRO, is Rs 150 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Sujitha Nagar has changed

The guideline value for Sujitha Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft. Following this, the 2023 revision brought the value back to Rs 150 per sq.ft, and the 2024 revision maintained this figure, showing no percentage change from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value for Sujitha Nagar has remained at Rs 150 per sq.ft. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kolathur

In Kolathur, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,300 per sq.ft. The median value among these streets is Rs 250 per sq.ft, indicating that Sujitha Nagar's 2024 figure is below this median.

• Sundharam Colony: Rs 150 per sq.ft (2024)
• Tambaram Roja Nagar: Rs 300 per sq.ft (2024)
• Thiruvalluvar Salai: Rs 250 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 250 per sq.ft (2024)
• Sri Kallazhagar City PH.I Extension: Rs 250 per sq.ft (2024)
• Sri Kallazhagar City phase I: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sujitha Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to 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 Sujitha Nagar?

The Sub Registrar Office that covers Sujitha Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official valuation of the property.

When a property transaction occurs, the guideline value helps to establish a fair and transparent process for both buyers and sellers. It is essential for all parties involved to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sujitha Nagar?

The current guideline value of Sujitha Nagar is Rs 150 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification of Sujitha Nagar?

Sujitha Nagar is classified as Residential Class III Type - I, indicating its designation for residential use within the area.

What are the stamp duty and registration fees for properties in Sujitha Nagar?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Sujitha Nagar?

The Sriperumpudur Sub Registrar Office handles registrations for Sujitha Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.