Guideline Value for Sundar Nagar 2nd Cross Street

Sundar Nagar 2nd Cross Street guideline value

The current guideline value of Sundar Nagar 2nd Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Nandhambakkam village, under the Alandur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Sundar Nagar 2nd Cross Street has changed

The guideline value for Sundar Nagar 2nd Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 2,000 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it dropped to Rs 3,350 per sq.ft in 2017. Following this, the value rose to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The change from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 150%. Overall, from 2007 to 2024, the guideline value has increased by 175%.

Guideline values in Nandhambakkam

Nandhambakkam has a total of 76 streets under the Alandur SRO, with guideline values ranging from Rs 2,200 to Rs 8,300 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Sundar Nagar 2nd Cross Street's 2024 figure above the median.

• Sundar Nagar 2nd Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 3rd Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 3rd Cross Street: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 4th Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 5th Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 6th Avenue: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sundar Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sundar Nagar 2nd Cross Street?

The Sub Registrar Office that covers Sundar Nagar 2nd Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Nandhambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duties and registration fees.

When you buy or sell property, the guideline value is considered to ascertain the applicable duties. Buyers must be aware that the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher, to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Sundar Nagar 2nd Cross Street?

The current guideline value of Sundar Nagar 2nd Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, with several revisions in between.

What is the registration office for Sundar Nagar 2nd Cross Street?

The registration office for Sundar Nagar 2nd Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Sundar Nagar 2nd Cross Street?

Stamp duty for properties in Sundar Nagar 2nd Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

What is the median guideline value in Nandhambakkam?

The median guideline value for streets in Nandhambakkam is Rs 3,900 per sq.ft, with Sundar Nagar 2nd Cross Street's 2024 figure being above this median.