Guideline Value for Surendra Nagar 12th street

Surendra Nagar 12th street guideline value

The current guideline value of Surendra Nagar 12th street is Rs 5,000 per sq.ft as per the 2024 revision, 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 Surendra Nagar 12th street has changed

The guideline value for Surendra Nagar 12th street has seen several revisions over the years. The 2012 revision recorded a value of Rs 4,500 per sq.ft, which then changed to Rs 3,015 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 4,500 per sq.ft, representing a rise of 49%. The most recent 2024 revision has set the guideline value at Rs 5,000 per sq.ft, an increase of 11% from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 11%.

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 for these streets is Rs 3,900 per sq.ft, positioning Surendra Nagar 12th street's 2024 value above this median.

• Surendira Nagar (Main): Rs 5,000 per sq.ft (2024)
• Surendra Nagar 6th street I, II, III, IV Cross street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar First Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar Extension: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 9th Street: Rs 5,000 per sq.ft (2024)
• Surendira Nagar 8th Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Surendra Nagar 12th 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. 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 more detailed calculations.

Which Sub Registrar Office covers Surendra Nagar 12th street?

The Sub Registrar Office that covers Surendra Nagar 12th 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

When buying or selling property in Adambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is set by the registration department and is used as a benchmark for property transactions.

During the registration process, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Surendra Nagar 12th street?

The current guideline value of Surendra Nagar 12th street is Rs 5,000 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then increased to Rs 4,500 per sq.ft in 2023, and finally to Rs 5,000 per sq.ft in 2024.

What are the other streets in Adambakkam with the same guideline value?

Other streets in Adambakkam with the same guideline value of Rs 5,000 per sq.ft include Surendira Nagar (Main), Surendra Nagar 6th street I, II, III, IV Cross street, Surendira Nagar First Street, Surendira Nagar Extension, Surendira Nagar 9th Street, and Surendira Nagar 8th Street.

Where can I find the Sub Registrar Office for Surendra Nagar 12th street?

The Sub Registrar Office for Surendra Nagar 12th 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 property in Surendra Nagar 12th street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000 at 7%.