Guideline Value for Sundar Nagar Extension

Sundar Nagar Extension guideline value

The current guideline value of Sundar Nagar Extension is Rs 2,210 per sq.ft, effective from 1 July 2024. This area is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sundar Nagar Extension has changed

The guideline value for Sundar Nagar Extension has seen significant changes over the years. In the 2017 revision, the value was Rs 1,340 per sq.ft. This increased to Rs 2,010 per sq.ft in the 2023 revision, marking a 50% rise. The most recent revision in 2024 set the guideline value at Rs 2,210 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 65%. It is important to note that there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Poonthamallee

In Poonthamallee village, there are 257 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,950 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Sundar Nagar Extension is above this median.

• Sundar nagar: Rs 2,200 per sq.ft (2024)
• Sumithra nagar: Rs 2,200 per sq.ft (2024)
• Sweeper line: Rs 2,200 per sq.ft (2024)
• Tamizh nagar: Rs 2,200 per sq.ft (2024)
• Tangaal kaarai kosa street: Rs 2,200 per sq.ft (2024)
• Tangaal Kaarai Mettu Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sundar Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 2,210 per sq.ft, the total guideline value would be Rs 22,10,000. The stamp duty at 7% would amount to Rs 1,54,700, and the registration fee at 2% would be Rs 44,200, resulting in a total of Rs 1,98,900. 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 further calculations.

Which Sub Registrar Office covers Sundar Nagar Extension?

The Sub Registrar Office that covers Sundar Nagar Extension is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Poonthamallee. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the sale process.

When a property is registered, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sundar Nagar Extension?

The current guideline value of Sundar Nagar Extension is Rs 2,210 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,210 per sq.ft, marking an overall increase of 65% by 2024.

What was the guideline value in 2023?

In the 2023 revision, the guideline value for Sundar Nagar Extension was Rs 2,010 per sq.ft.

Are there any revisions without figures for Sundar Nagar Extension?

Yes, the register has no figures for Sundar Nagar Extension in the revisions for the years 2002, 2003, 2007, and 2012.

Where is the Poonamallee Sub Registrar Office located?

The Poonamallee Sub Registrar Office is located at No.332 U + 9cc Malma Nagar Poonallee Chennai - 600056.