Guideline Value for Suresh Nagar 4th Street

Suresh Nagar 4th Street guideline value

The current guideline value of Suresh Nagar 4th 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 4th Street has changed

The guideline value for Suresh Nagar 4th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,520 per sq.ft, reflecting a 10% increase from Rs 3,200 per sq.ft in 2023. Prior to that, the value was Rs 2,144 per sq.ft in 2017, which marked a significant increase of 49% from the previous revision in 2012, where it was Rs 3,200 per sq.ft. Notably, the 2012 figure was a decrease of 33% from the 2017 value.

There are no figures available in the register for the years 2002, 2003, and 2007 for Suresh Nagar 4th Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO with a 2024 guideline value 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, indicating that Suresh Nagar 4th Street's 2024 figure is below the median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would amount to Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees together to 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Suresh Nagar 4th Street?

The Sub Registrar Office that covers Suresh Nagar 4th Street is 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 an essential reference for property transactions in Porur, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a benchmark for taxation purposes. It is crucial for both parties to be aware of this value to avoid any disputes during the registration process.

Frequently asked questions

What is the current guideline value of Suresh Nagar 4th Street?

The current guideline value of Suresh Nagar 4th 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 2,144 per sq.ft in 2017 to Rs 3,520 per sq.ft in 2024, with several revisions in between. Notably, there was a 10% increase from 2023 to 2024.

What is the land classification of Suresh Nagar 4th Street?

Suresh Nagar 4th Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Where can I find the Sub Registrar Office for Suresh Nagar 4th Street?

The Sub Registrar Office for Suresh Nagar 4th Street is located at No.59, Road Street, Kundrathur, Chennai -600 069.