Guideline Value for Sundar Nagar Rajeswari Nagar Extn

Sundar Nagar Rajeswari Nagar Extn guideline value

The current guideline value of Sundar Nagar Rajeswari Nagar Extn is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this street is Residential Class III Type - II.

How the guideline value of Sundar Nagar Rajeswari Nagar Extn has changed

The guideline value for Sundar Nagar Rajeswari Nagar Extn has undergone several revisions over the years. The earliest recorded revision is from 2012, which set the guideline value at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017. The 2023 revision raised the value to Rs 1,200 per sq.ft, and the most recent revision in 2024 increased it further to Rs 1,300 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The latest revision from 2023 to 2024 reflects an 8% increase, resulting in an overall increase of 8% from 2012 to 2024.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, positioning Sundar Nagar Rajeswari Nagar Extn below this median. Below are the guideline values for other streets in Selaiyur:

• Sundar Nagar: Rs 1,300 per sq.ft (2024)
• Sundareswarar Koil Street: Rs 2,200 per sq.ft (2024)
• Sundaram Smart City Phase I: Rs 3,300 per sq.ft (2024)
• Sundaram Colony Andal Street: Rs 2,900 per sq.ft (2024)
• Sundaram Colony 6th Street: Rs 2,900 per sq.ft (2024)
• Sundaram Colony 6th Cross Street: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sundar Nagar Rajeswari Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty is charged at 7%, totaling Rs 91,000, while the registration fee is 2%, amounting to Rs 26,000. Therefore, the total cost for stamp duty and registration fees together is Rs 1,17,000. 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 more information.

Which Sub Registrar Office covers Sundar Nagar Rajeswari Nagar Extn?

The Sub Registrar Office that covers Sundar Nagar Rajeswari Nagar Extn is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Selaiyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This ensures that the transaction is recorded at a value that is recognized by the authorities.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are informed of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sundar Nagar Rajeswari Nagar Extn?

The current guideline value of Sundar Nagar Rajeswari Nagar Extn is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 1,300 per sq.ft in 2024. It was Rs 1,200 per sq.ft in 2023, Rs 804 per sq.ft in 2017, and Rs 1,200 per sq.ft in 2012.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 13,00,000, the stamp duty is Rs 91,000 at 7%, and the registration fee is Rs 26,000 at 2%. The total for both fees amounts to Rs 1,17,000.

Which office handles registrations for Sundar Nagar Rajeswari Nagar Extn?

The Selaiyur Sub Registrar Office handles registrations for Sundar Nagar Rajeswari Nagar Extn, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees payable during property transactions. It ensures that the transaction is recorded at a recognized value by the authorities.