Guideline Value for Surendira Nagar 11th Street

Surendira Nagar 11th Street guideline value

The current guideline value of Surendira Nagar 11th 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 11th Street has changed

Since the year 2002, the guideline value for Surendira Nagar 11th Street has seen significant changes. 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 to Rs 1,250 per sq.ft in 2007, showing a remarkable increase of 245%. The 2012 revision recorded a value of Rs 4,500 per sq.ft, marking a 260% increase from the previous revision. However, in 2017, the value dropped to Rs 3,015 per sq.ft, reflecting a decrease of 33%. The guideline value then increased to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 5,000 per sq.ft in 2024, which is an 11% rise from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,477%. The register has no figures for the years not mentioned in this summary.

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 value is Rs 3,900 per sq.ft, placing Surendira Nagar 11th Street above this median with its current value of Rs 5,000 per sq.ft.

• Surendira Nagar 10th 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 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty, charged at 7%, would amount to Rs 3,50,000, while the registration fee at 2% would be Rs 1,00,000. Together, these fees would total Rs 4,50,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Surendira Nagar 11th Street?

The Sub Registrar Office that covers Surendira Nagar 11th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Adambakkam as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with registration regulations. This value serves as a reference point for both parties during the transaction process.

Frequently asked questions

What is the current guideline value of Surendira Nagar 11th Street?

The current guideline value of Surendira Nagar 11th 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 significantly since 2002, starting from Rs 317 per sq.ft and increasing to Rs 5,000 per sq.ft in 2024. Notable changes include a drop from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, followed by increases in subsequent years.

What is the registration office for Surendira Nagar 11th Street?

The registration office for Surendira Nagar 11th 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 properties in Surendira Nagar 11th Street?

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

What is the land classification for Surendira Nagar 11th Street?

Surendira Nagar 11th Street is classified as Residential Class I Type - I, which is important for understanding the zoning and regulations applicable to the property.