Guideline Value for Sundar Nagar Extn

Sundar Nagar Extn guideline value

The current guideline value for Sundar Nagar Extn, located in Mannivakkam village under the Gooduvancheri SRO, is Rs 1,320 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Sundar Nagar Extn has changed

Over the years, the guideline value for Sundar Nagar Extn has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and further to Rs 1,320 per sq.ft in 2024. Notably, the register has no figure for this street in the years 2002, 2003, and 2007.

From the 2017 to 2023 revision, there was a 49% increase, while the 2023 to 2024 revision reflects a 10% increase. Overall, from the 2012 to 2024 revisions, the guideline value has increased by 10%.

Guideline values in Mannivakkam

In Mannivakkam, there are 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft. The median value is Rs 1,215 per sq.ft, placing Sundar Nagar Extn's 2024 figure above this median.

• Sundar Nagar: Rs 1,320 per sq.ft (2024)
• Sunshine Nagar: Rs 1,100 per sq.ft (2024)
• Sun Ville: Rs 3,450 per sq.ft (2024)
• S.V. Nagar: Rs 770 per sq.ft (2024)
• Teachers Colony: Rs 990 per sq.ft (2024)
• Submangala Avenue: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sundar Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundar Nagar Extn?

The Sub Registrar Office that covers Sundar Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Mannivakkam. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the legal value of the property, influencing both the buyer and seller's expectations. It is essential for all parties involved to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Sundar Nagar Extn?

The current guideline value for Sundar Nagar Extn is Rs 1,320 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Sundar Nagar Extn?

Sundar Nagar Extn is classified as Residential Special Type - III, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sundar Nagar Extn?

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

How is the stamp duty calculated for property in Sundar Nagar Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 92,400.