Guideline Value for Sundar nagar 3rd Cross Street

Sundar nagar 3rd Cross Street guideline value

The current guideline value of Sundar nagar 3rd Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Nandhambakkam village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sundar nagar 3rd Cross Street has changed

The guideline value for Sundar nagar 3rd Cross Street has seen several revisions over the years. In the 2007 revision, the value was Rs 2,000 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. However, it decreased to Rs 3,350 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 5,000 per sq.ft in 2023 and is now Rs 5,500 per sq.ft in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, and from 2023 to 2024, the value increased by 10%. Overall, from 2007 to 2024, the guideline value has increased by 175%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nandhambakkam

In Nandhambakkam, there are 76 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 8,300 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Sundar nagar 3rd Cross Street is above this median.

• Sundar Nagar 3rd Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 4th Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 2nd Cross Street: Rs 5,500 per sq.ft (2024)
• sundar nagar 2nd Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 5th Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 6th Avenue: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Sundar nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sundar nagar 3rd Cross Street?

The Sub Registrar Office that covers Sundar nagar 3rd Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nandhambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers need to pay during the transaction.

When selling a property, the seller must ensure that the selling price is at least equal to the guideline value to avoid any legal issues during registration. Buyers should be aware of the guideline value to ensure they are making informed decisions when purchasing property in the area.

Frequently asked questions

What is the current guideline value of Sundar nagar 3rd Cross Street?

The current guideline value of Sundar nagar 3rd Cross Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 2,000 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, showing an overall increase of 175% over the years.

What is the land classification for Sundar nagar 3rd Cross Street?

The land classification for Sundar nagar 3rd Cross Street is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sundar nagar 3rd Cross Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, if the guideline value is Rs 55,00,000, the stamp duty at 7% would be Rs 3,85,000.