Guideline Value for Surendira Nagar 10th Street

Surendira Nagar 10th Street guideline value

The current guideline value of Surendira Nagar 10th Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Surendira Nagar 10th Street has changed

The guideline value for Surendira Nagar 10th Street has seen several revisions over the years. In 2002, the value was Rs 317 per sq.ft, which increased to Rs 362 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,250 per sq.ft in 2007, and then to Rs 4,500 per sq.ft in 2012. However, it decreased to Rs 3,015 per sq.ft in 2017. The value then increased to Rs 4,500 per sq.ft in 2023 before reaching the current value of Rs 5,000 per sq.ft in 2024.

In terms of changes, the guideline value increased by 11% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. The value decreased by 33% from 2012 to 2017, while it saw a remarkable increase of 260% from 2007 to 2012. Similarly, there was a 245% increase from 2003 to 2007 and a 14% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 1,477%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, making the 2024 figure for Surendira Nagar 10th Street above this median.

• Surendira Nagar 11th Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 12th Cross Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 1st Cross Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 1st Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 2nd Cross Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 2nd Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Surendira Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Surendira Nagar 10th Street?

The Sub Registrar Office that covers Surendira Nagar 10th 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 Adambakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Surendira Nagar 10th Street?

The current guideline value of Surendira Nagar 10th Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 317 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 1,477% over this period.

What is the land classification for Surendira Nagar 10th Street?

Surendira Nagar 10th Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the registration office for Surendira Nagar 10th Street?

The registration office for Surendira Nagar 10th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Surendira Nagar 10th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at Rs 5,000 per sq.ft would incur a total stamp duty of Rs 3,50,000.