Guideline Value for Sundar Nagar

Sundar Nagar guideline value

The current guideline value of Sundar Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Sundar Nagar has changed

The guideline value for Sundar Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which then increased to Rs 1,200 per sq.ft in 2012. However, this value saw a decrease to Rs 804 per sq.ft in the 2017 revision. The 2023 revision raised the guideline value to Rs 1,200 per sq.ft, and the most recent change in 2024 brought it to Rs 1,300 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%, while the jump from 2023 to 2024 was 8%. The overall change from 2007 to 2024 reflects a significant increase of 117% in the guideline value.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO, with guideline values for 2024 ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, placing Sundar Nagar's 2024 figure below that median.

• Sundareswarar Koil Street: Rs 2,200 per sq.ft (2024)
• Sundar Nagar Rajeswari Nagar Extn: Rs 1,300 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more details, 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 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 information.

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

The guideline value is a crucial factor in the registration process for property transactions in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is used to calculate the necessary fees, which are typically based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Sundar Nagar?

The current guideline value of Sundar Nagar 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 changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

What are the stamp duty and registration fees for property in Sundar Nagar?

For a 1,000 sq.ft plot, the guideline value is Rs 13,00,000. The stamp duty is Rs 91,000, and the registration fee is Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Sundar Nagar?

The Selaiyur Sub Registrar Office covers Sundar Nagar, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

What is the land classification of Sundar Nagar?

Sundar Nagar is classified as Residential Class III Type - II, indicating its suitability for residential purposes.