Guideline Value for Sundara Moorthy Nagar

Sundara Moorthy Nagar guideline value

The current guideline value for Sundara Moorthy Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam village under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Sundara Moorthy Nagar has changed

The guideline value for Sundara Moorthy Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 400 per sq.ft. The 2017 revision marked a decrease to Rs 268 per sq.ft, reflecting a -33% change from the previous 2012 figure. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 400 per sq.ft. The current 2024 revision maintains this value, showing a 0% change from the previous year. Overall, from 2012 to 2024, the guideline value has remained stable with a 0% change.

Guideline values in Katrampakkam

Katrampakkam village has 41 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 250 per sq.ft, placing Sundara Moorthy Nagar's 2024 figure above that median.

• Sundara Anjaneya Nagar: Rs 800 per sq.ft (2024)
• Thiruvalluvar Nagar: Rs 250 per sq.ft (2024)
• Sri Ragavendra Nagar: Rs 250 per sq.ft (2024)
• Sri Mangadu Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Sri Eswara Nagar: Rs 400 per sq.ft (2024)
• Sri Bangaru Kamachi Amman Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sundara Moorthy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundara Moorthy Nagar?

The Sub Registrar Office covering Sundara Moorthy Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

You can find your SRO for additional assistance.

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

The guideline value is a crucial reference for property transactions in Katrampakkam, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, the guideline value ensures that the transaction is documented at a fair value, which helps in maintaining transparency in the real estate market. It is essential for both parties to consider the guideline value during negotiations to avoid any discrepancies later.

Frequently asked questions

What is the current guideline value for Sundara Moorthy Nagar?

The current guideline value for Sundara Moorthy Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft from 2012 to 2024, with a notable increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for Sundara Moorthy Nagar?

Sundara Moorthy Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Sundara Moorthy Nagar?

The Sub Registrar Office for Sundara Moorthy Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 4,00,000, the total fees would amount to Rs 36,000.