Guideline Value for Surendira Nagar 9th Street

Surendira Nagar 9th Street guideline value

The current guideline value of Surendira Nagar 9th 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 9th Street has changed

The guideline value for Surendira Nagar 9th Street has undergone several revisions over the years. The earliest recorded value is from 2002, which was Rs 317 per sq.ft. This increased to Rs 362 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, an increase of 245%. In 2012, the value adjusted to Rs 4,500 per sq.ft, reflecting a rise of 260%. However, this value decreased to Rs 3,015 per sq.ft in 2017, a decline of 33%. The value then rose to Rs 4,500 per sq.ft in 2023, followed by the current value of Rs 5,000 per sq.ft in 2024, which is an increase of 11% from the previous year.

There are no figures available for the revisions in years other than those listed. The overall increase from 2002 to 2024 is 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, placing Surendira Nagar 9th Street's 2024 figure above this median.

• Surendira Nagar 8th Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar Extension: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 7th Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar First Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 6th Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar (Main): Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Surendira Nagar 9th 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 or the sale price.

You can also use the stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Surendira Nagar 9th Street?

The Sub Registrar Office that covers Surendira Nagar 9th 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 critical factor in the registration process when buying or selling property in Adambakkam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the official guidelines.

When engaging in property transactions, both buyers and sellers must be aware of the guideline value, as it directly influences the costs associated with registration. It is advisable to check the latest figures to ensure compliance with local regulations during the buying or selling process.

Frequently asked questions

What is the current guideline value for Surendira Nagar 9th Street?

The current guideline value for Surendira Nagar 9th 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 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 are the stamp duty and registration fees for property in Surendira Nagar 9th Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,50,000 and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Which office handles registrations for properties in Adambakkam?

The Alandur Sub Registrar Office handles registrations for properties in Adambakkam, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

Where can I find more information on guideline values in Adambakkam?

For more information on guideline values in Adambakkam, you can refer to the official guideline value register maintained by the Registration Department.