Guideline Value for Sundeep Nagar Link Salai

Sundeep Nagar Link Salai guideline value

The current guideline value of Sundeep Nagar Link Salai is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Neelankarai village, under the Neelankarai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sundeep Nagar Link Salai has changed

The guideline value for Sundeep Nagar Link Salai has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is a 10% increase from the 2023 revision of Rs 3,000 per sq.ft. Prior to that, in 2017, the guideline value was Rs 2,010 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 3,000 per sq.ft, which was a decrease of 33% from the 2017 value.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, when comparing the guideline value from 2012 to 2024, there has been a 10% increase.

Guideline values in Neelankarai

In Neelankarai, there are 377 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 10,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Sundeep Nagar Link Salai's 2024 value above that median.

• Sundeep East 2nd Street: Rs 3,300 per sq.ft (2024)
• Sundeep East 1st Street: Rs 3,300 per sq.ft (2024)
• Sundeep Avenue & Road: Rs 4,400 per sq.ft (2024)
• Sunny Vale: Rs 6,900 per sq.ft (2024)
• Sunrise Avenue: Rs 5,000 per sq.ft (2024)
• Sunrise Avenue 1st Cross Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sundeep Nagar Link Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty charged at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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.

Which Sub Registrar Office covers Sundeep Nagar Link Salai?

The Sub Registrar Office that covers Sundeep Nagar Link Salai is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when registering property transactions in Neelankarai. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that these costs are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to consider the guideline value as it directly affects the overall cost of the transaction. Understanding the guideline value can help buyers and sellers make informed decisions during the buying and selling process.

Frequently asked questions

What is the current guideline value of Sundeep Nagar Link Salai?

The current guideline value of Sundeep Nagar Link Salai is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, a 10% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012, with various changes in between.

What is the land classification for Sundeep Nagar Link Salai?

Sundeep Nagar Link Salai is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai 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 1,000 sq.ft plot at Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000, leading to specific fees based on this amount.