Guideline Value for Sushil Nagar

Sushil Nagar guideline value

The current guideline value of Sushil Nagar in Unamancheri village is Rs 600 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Sushil Nagar has changed

Over the years, the guideline value of Sushil Nagar has seen several revisions. In the 2007 revision, the value was Rs 140 per sq.ft. This increased significantly to Rs 600 per sq.ft in the 2012 revision, marking a substantial rise of 329%. However, in the 2017 revision, the value decreased to Rs 402 per sq.ft, a decline of 33%. The most recent revision in 2023 has set the guideline value back to Rs 600 per sq.ft, representing an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 329%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Unamancheri

Currently, there are no specific village figures available for Unamancheri. Sushil Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Unamancheri provided in the given data.

Stamp duty and registration fee for property in Sushil Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Please 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 Sushil Nagar?

The Sub Registrar Office that covers Sushil Nagar is 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 information.

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

The guideline value is a critical factor when registering property in Unamancheri. It determines the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair value set by the government.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sushil Nagar?

The current guideline value of Sushil Nagar is Rs 600 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 140 per sq.ft in 2007 to Rs 600 per sq.ft in 2012, then decreased to Rs 402 per sq.ft in 2017, and returned to Rs 600 per sq.ft in 2023.

What is the land classification for Sushil Nagar?

Sushil Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Sushil Nagar?

The Gooduvancheri Sub Registrar Office covers Sushil Nagar and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated for properties in Sushil Nagar?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same. For example, for a 1,000 sq.ft plot at Rs 600 per sq.ft, the total fees would amount to Rs 54,000.