Guideline Value for Suresh Nagar 3rd Street

Suresh Nagar 3rd Street guideline value

The current guideline value of Suresh Nagar 3rd Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Suresh Nagar 3rd Street has changed

The guideline value for Suresh Nagar 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was a decrease of 33% from Rs 2,144 per sq.ft in 2017. In 2023, the guideline value increased to Rs 3,200 per sq.ft, and the latest revision in 2024 raised it to Rs 3,520 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur village, there are 530 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, making the 2024 figure for Suresh Nagar 3rd Street below that median.

• Suresh Nagar 2nd Street: Rs 3,520 per sq.ft (2024)
• Suresh Nagar 4th Street: Rs 3,520 per sq.ft (2024)
• Suresh Nagar 1st Street: Rs 3,520 per sq.ft (2024)
• Suresh Nagar Cross Road: Rs 3,520 per sq.ft (2024)
• Suresh Nagar, Krishna Street: Rs 3,520 per sq.ft (2024)
• Suresh Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Suresh Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Suresh Nagar 3rd Street?

The Suresh Nagar 3rd Street falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented accurately within the legal framework. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Suresh Nagar 3rd Street?

The current guideline value of Suresh Nagar 3rd Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024. It was Rs 2,144 per sq.ft in 2017 and Rs 3,200 per sq.ft in 2012.

What is the land classification of Suresh Nagar 3rd Street?

Suresh Nagar 3rd Street is classified as Residential Special Type - II.

Where can I find the registration office for Suresh Nagar 3rd Street?

The registration office for Suresh Nagar 3rd Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in Suresh Nagar 3rd 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 property at the current guideline value, the total stamp duty would be Rs 2,46,400 at 7%.