Guideline Value for Sun City Varadharajan Nagar

Sun City Varadharajan Nagar guideline value

The current guideline value of Sun City Varadharajan Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Vellaputhoor village under the Madurandakam SRO, classified as Residential Class I Type - I.

How the guideline value of Sun City Varadharajan Nagar has changed

The guideline value for Sun City Varadharajan Nagar has undergone several revisions over the years. In 2007, the value was Rs 20 per sq.ft, which increased to Rs 80 per sq.ft in 2012, marking a 300% rise. However, it saw a decrease to Rs 54 per sq.ft in 2017, a drop of 33%. The value then remained stable at Rs 100 per sq.ft in both 2023 and the upcoming 2024 revision, indicating no change from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 400%. Notably, there are no figures available for this street in the revisions from 2002 and 2003.

Guideline values in Vellaputhoor

In Vellaputhoor, there are seven streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 103 per sq.ft, with the median being Rs 103 per sq.ft. Sun City Varadharajan Nagar's 2024 figure is below this median.

• Om Sakthi Nagar: Rs 103 per sq.ft (2024)
• Kamatchi Garden: Rs 103 per sq.ft (2024)
• Jeeni Nagar Fam: Rs 103 per sq.ft (2024)
• Jeeni Nagar: Rs 103 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 103 per sq.ft (2024)
• A1-Metro City: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Sun City Varadharajan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sun City Varadharajan Nagar?

The Sub Registrar Office that covers Sun City Varadharajan Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Vellaputhoor. It serves as a reference point for calculating stamp duty and registration fees, which are mandatory during the property transaction process.

When buying or selling property, the guideline value ensures that the transaction is documented at a standardized rate, which helps in maintaining transparency and fairness in property dealings. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sun City Varadharajan Nagar?

The current guideline value of Sun City Varadharajan Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2007 to Rs 100 per sq.ft in 2024, representing a 400% increase over the years.

What are the other streets in Vellaputhoor and their guideline values?

Other streets in Vellaputhoor include Om Sakthi Nagar, Kamatchi Garden, Jeeni Nagar Fam, Jeeni Nagar, Dhanalakshmi Nagar, and A1-Metro City, all with a guideline value of Rs 103 per sq.ft in 2024.

What is the stamp duty rate in Sun City Varadharajan Nagar?

The stamp duty rate in Sun City Varadharajan Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sun City Varadharajan Nagar?

The Sub Registrar Office for Sun City Varadharajan Nagar is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.