Guideline Value for Surendira Nagar 6th Street

Surendira Nagar 6th Street guideline value

The current guideline value of Surendira Nagar 6th Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class I Type - I.

How the guideline value of Surendira Nagar 6th Street has changed

The guideline value for Surendira Nagar 6th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 397 per sq.ft, which increased to Rs 453 per sq.ft in 2003, marking a rise of 14%. The value saw a significant jump to Rs 1,250 per sq.ft in 2007, reflecting a 176% increase. By 2012, the value was Rs 4,500 per sq.ft, indicating a 260% increase from the previous revision. However, in 2017, the value dropped to Rs 3,015 per sq.ft, a decrease of 33%. The value then increased to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 5,000 per sq.ft in 2024, which is an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has risen by 1,159%. Notably, the register has no figures for the years not mentioned in the revisions for this street.

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 in this area is Rs 3,900 per sq.ft, placing Surendira Nagar 6th Street's current value above that median.

• Surendira Nagar 5th Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 7th Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 4th Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 8th Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 3rd Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 9th Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Surendira Nagar 6th 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 guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Surendira Nagar 6th Street?

The Sub Registrar Office that covers Surendira Nagar 6th 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 details.

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 benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership. Buyers and sellers should be aware of the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Surendira Nagar 6th Street?

The current guideline value of Surendira Nagar 6th Street is Rs 5,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 397 per sq.ft to Rs 5,000 per sq.ft in 2024, representing an overall increase of 1,159%.

What is the median guideline value in Adambakkam?

The median guideline value in Adambakkam is Rs 3,900 per sq.ft, with Surendira Nagar 6th Street's current value above this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same value.

Where is the Sub Registrar Office for Surendira Nagar 6th Street located?

The Sub Registrar Office for Surendira Nagar 6th Street is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.