Guideline Value for Sundar Nagar 6th Avenue

Sundar Nagar 6th Avenue guideline value

The current guideline value of Sundar Nagar 6th Avenue is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Nandhambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sundar Nagar 6th Avenue has changed

The guideline value for Sundar Nagar 6th Avenue has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 2,000 per sq.ft. This increased to Rs 5,000 per sq.ft in 2012, a significant rise of 150%. However, in 2017, the value decreased to Rs 3,350 per sq.ft, marking a decline of 33%. The value then increased sharply to Rs 5,000 per sq.ft in 2023, followed by another increase to the current rate of Rs 5,500 per sq.ft in 2024, which is a 10% rise from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. 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 in this village is Rs 3,900 per sq.ft, placing Sundar Nagar 6th Avenue above this median.

• Sundar Nagar 5th Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 7th Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 4th Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar First Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 3rd Cross Street: Rs 5,500 per sq.ft (2024)
• Sundar Nagar First Cross Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sundar Nagar 6th Avenue

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, and the registration fee at 2% would be Rs 1,10,000, making the total cost for these fees Rs 4,95,000. It is important to note that the 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 6th Avenue?

The Sub Registrar Office that covers Sundar Nagar 6th Avenue 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 in the registration process of property transactions in Nandhambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sundar Nagar 6th Avenue?

The current guideline value of Sundar Nagar 6th Avenue 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, reflecting an overall increase of 175% over the years.

What are the other streets in Nandhambakkam with the same guideline value?

Other streets in Nandhambakkam that share the same guideline value of Rs 5,500 per sq.ft include Sundar Nagar 5th Avenue, Sundar Nagar 7th Avenue, Sundar Nagar 4th Avenue, Sundar Nagar First Avenue, Sundar Nagar 3rd Cross Street, and Sundar Nagar First Cross Street.

How is stamp duty calculated for properties in Sundar Nagar 6th Avenue?

Stamp duty for properties in Sundar Nagar 6th Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the duty would be Rs 3,85,000.

Where is the Sub Registrar Office for Sundar Nagar 6th Avenue located?

The Sub Registrar Office for Sundar Nagar 6th Avenue is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.