Guideline Value for Susila Nagar Main Street

Susila Nagar Main Street guideline value

The current guideline value of Susila Nagar Main Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Susila Nagar Main Street has changed

The guideline value for Susila Nagar Main Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 2,700 per sq.ft, marking an 8% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register does not contain figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is the same as the current guideline value for Susila Nagar Main Street.

• Susila Nagar Main Road: Rs 2,700 per sq.ft (2024)
• Susila Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Susila Nagar 1st Main Road: Rs 2,700 per sq.ft (2024)
• Tank Salai: Rs 2,200 per sq.ft (2024)
• Sundarar Street (Vivekananda Nagar): Rs 2,700 per sq.ft (2024)
• Sundarar Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Susila Nagar Main Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for stamp duty and registration fees to Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Susila Nagar Main Street?

The Sub Registrar Office that covers Susila Nagar Main Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any penalties. The registration office uses the guideline value to calculate the applicable fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Susila Nagar Main Street?

The current guideline value of Susila Nagar Main Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Susila Nagar Main Street was Rs 2,500 per sq.ft in 2012 and remained the same in 2023. It increased to Rs 2,700 per sq.ft in 2024, resulting in an overall increase of 8% from 2012 to 2024.

What are the other streets in Kodungaiyur with similar guideline values?

Other streets in Kodungaiyur with a guideline value of Rs 2,700 per sq.ft include Susila Nagar Main Road, Susila Nagar 1st Street, Sundarar Street (Vivekananda Nagar), and Sundarar Street.

What fees are involved when purchasing property in Susila Nagar Main Street?

When purchasing property in Susila Nagar Main Street, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Susila Nagar Main Street?

The Sub Registrar Office for Susila Nagar Main Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.