Guideline Value for Sundar Nagar

Sundar Nagar guideline value

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

How the guideline value of Sundar Nagar has changed

The guideline value for Sundar Nagar has seen several revisions over the years. In 2007, the value was Rs 350 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a rise of 243%. However, from 2012 to 2017, the value decreased to Rs 804 per sq.ft, a drop of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, and most recently, it has been revised to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 277%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Mannivakkam

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

• Sundar Nagar Extn: 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

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the 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, totaling Rs 1,18,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundar Nagar?

The Sub Registrar Office that covers Sundar Nagar 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 in the registration of property transactions in Mannivakkam. It determines the minimum value at which a property can be registered, thereby influencing the stamp duty and registration fees applicable during the sale or purchase of property.

When buying or selling property, the guideline value ensures transparency and standardization in property transactions. It is essential for buyers and sellers 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 of Sundar Nagar?

The current guideline value of Sundar Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 350 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 277% over the years.

What is the land classification of Sundar Nagar?

Sundar Nagar is classified as Residential Special Type - III, which indicates its designated use for residential purposes.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is stamp duty calculated for properties in Sundar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,20,000, the stamp duty at 7% would amount to Rs 92,400.