Guideline Value for Suresh Nagar

Suresh Nagar guideline value

The current guideline value of Suresh Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village and falls under the Gooduvancheri SRO with a land classification of Residential Special Type - I.

How the guideline value of Suresh Nagar has changed

The guideline value for Suresh Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. However, in the 2023 revision, the value increased significantly to Rs 1,200 per sq.ft again.

From 2017 to 2023, there was an increase of 49%. Comparing the 2012 and 2017 revisions, there was a decrease of 33%. Overall, from 2012 to 2023, the guideline value has remained the same, showing an increase of 0%.

Guideline values in Urapakkam

While there are no specific village figures provided for Urapakkam, Suresh Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Urapakkam listed with their respective guideline values.

Stamp duty and registration fee for property in Suresh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total charges to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Suresh Nagar?

The Suresh Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Urapakkam. It determines the amount of stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately in the government register.

When buying or selling property, the guideline value serves as a benchmark for the transaction value. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Suresh Nagar?

The current guideline value of Suresh Nagar is Rs 1,200 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then back to Rs 1,200 per sq.ft in 2023.

What is the stamp duty rate for properties in Suresh Nagar?

The stamp duty rate for properties in Suresh Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri SRO located?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used to calculate the stamp duty and registration fees during property transactions in Urapakkam.