Guideline Value for Sundarambal Nagar

Sundarambal Nagar guideline value

The current guideline value of Sundarambal Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Kizhakottyur village under the Gooduvancheri SRO, and the land classification is Residential Special Type - II.

How the guideline value of Sundarambal Nagar has changed

Over the years, the guideline value in Sundarambal Nagar has seen several revisions. The earliest recorded value was Rs 160 per sq.ft in 2007. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a remarkable rise of 525%. However, the value then dropped to Rs 670 per sq.ft in 2017, which was a decrease of 33%. As of the latest revision in 2023, the guideline value is back up to Rs 1,000 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 525%.

Guideline values in Kizhakottyur

Currently, there are no specific village figures provided for Kizhakottyur. Sundarambal Nagar is the only street mentioned under the Gooduvancheri SRO, and there are no other streets in Kizhakottyur listed.

Stamp duty and registration fee for property in Sundarambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sundarambal Nagar?

The Sub Registrar Office that covers Sundarambal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kizhakottyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sundarambal Nagar?

The current guideline value of Sundarambal Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and is currently back at Rs 1,000 per sq.ft in 2023.

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

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Where is the Sub Registrar Office for Sundarambal Nagar located?

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

How is the guideline value determined for property transactions?

The guideline value is determined by the registration department and serves as a benchmark for property transactions. It is used to calculate the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.