Guideline Value for Sundar Nagar Extn

Sundar Nagar Extn guideline value

The current guideline value for Sundar Nagar Extn is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Varadarajapuram village and falls under the Padappai SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sundar Nagar Extn has changed

The guideline value for Sundar Nagar Extn has undergone several revisions over the years. The earliest figure available is from 2012, set at Rs 1,800 per sq.ft. This was followed by a decrease to Rs 1,206 per sq.ft in 2017, which marked a decline of 33%. However, in the 2023 revision, the value increased to Rs 1,800 per sq.ft, and then rose again to Rs 1,980 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO, with guideline values ranging from Rs 880 to Rs 4,100 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Sundar Nagar Extn's 2024 figure above this median.

• Sundar Nagar: Rs 1,650 per sq.ft (2024)
• Sundarapuri Nagar: Rs 990 per sq.ft (2024)
• Sulochana Nagar: Rs 990 per sq.ft (2024)
• Tambaram - Kishkintha Road: Rs 1,650 per sq.ft (2024)
• Tambaram - Manimangalam Road: Rs 1,320 per sq.ft (2024)
• Tansi puram: Rs 1,650 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 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty, charged at 7%, would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Therefore, the total cost for stamp duty and registration would be Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or 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 Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Varadarajapuram. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased. When you register a property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions. This value helps in assessing the financial implications of buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Sundar Nagar Extn?

The current guideline value of Sundar Nagar Extn is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 1,800 per sq.ft in 2012, Rs 1,206 per sq.ft in 2017, Rs 1,800 per sq.ft in 2023, and finally Rs 1,980 per sq.ft in 2024.

What is the land classification for Sundar Nagar Extn?

The land classification for Sundar Nagar Extn is Residential Special Type - I, indicating its designated use for residential purposes.

What are the registration fees for property in Sundar Nagar Extn?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.