Guideline Value for Sulochana Nagar (Part-1 To Part-5)

Sulochana Nagar (Part-1 To Part-5) guideline value

The current guideline value for Sulochana Nagar (Part-1 To Part-5) is Rs 1,500 per sq.ft. This area is located in Ayyencheri village and falls under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Sulochana Nagar (Part-1 To Part-5) has changed

The guideline value for Sulochana Nagar has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 370 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,500 per sq.ft, marking an increase of 305%. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that the register does not provide figures for the years 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 305%.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Sulochana Nagar (Part-1 To Part-5) is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Ayyencheri listed with guideline values.

Stamp duty and registration fee for property in Sulochana Nagar (Part-1 To Part-5)

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty, calculated at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, these fees total Rs 1,35,000. It is essential 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 Sulochana Nagar (Part-1 To Part-5)?

The Sulochana Nagar (Part-1 To Part-5) area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ayyencheri. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring transparency in property dealings.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Sulochana Nagar?

The current guideline value for Sulochana Nagar (Part-1 To Part-5) is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased significantly, from Rs 370 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What fees are associated with buying property in Sulochana Nagar?

When purchasing property in Sulochana Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone.

Are there other streets in Ayyencheri with guideline values?

Currently, there are no other streets in Ayyencheri listed with guideline values. Sulochana Nagar (Part-1 To Part-5) is the only street mentioned under the Gooduvancheri SRO.