Guideline Value for Sundar Nagar

Sundar Nagar guideline value

The current guideline value of Sundar Nagar, located in Varadarajapuram village under the Padappai SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Sundar Nagar has changed

Over the years, the guideline value of Sundar Nagar has seen significant changes. The 2007 revision recorded a guideline value of Rs 120 per sq.ft, which increased dramatically to Rs 1,500 per sq.ft in the 2012 revision, marking an increase of 1,150%. However, this value decreased to Rs 1,005 per sq.ft in 2017, a reduction of 33%. The 2023 revision set the value at Rs 1,500 per sq.ft, which then rose to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 1,275%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the current guideline value of Sundar Nagar.

• Sundar Nagar Extn: Rs 1,980 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total costs together to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on costs.

Which Sub Registrar Office covers Sundar Nagar?

The Sub Registrar Office that covers Sundar Nagar 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Varadarajapuram. It serves as a reference for calculating the stamp duty and registration fees, which are mandatory during the registration of property transactions.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sundar Nagar?

The current guideline value of Sundar Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 120 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 1,275% over this period.

What are the stamp duty rates for property transactions in Sundar Nagar?

The stamp duty for property transactions in Sundar Nagar is 7% of the guideline value or sale price, whichever is higher.

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

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

What is the land classification of Sundar Nagar?

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