Guideline Value for Sutha Nagar

Sutha Nagar guideline value

The current guideline value of Sutha Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This village is part of the Kunrathur SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of Sutha Nagar has changed

The guideline value for Sutha Nagar has seen several revisions over the years. The 2017 revision recorded a value of Rs 804 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2023 revision. From 2023 to 2024, the value rose by 10% to Rs 1,320 per sq.ft. Overall, from the 2017 revision to the 2024 revision, the value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In the village of Mangadu -A, there are 208 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value for Sutha Nagar is below this median.

• Surya Avenue: Rs 1,320 per sq.ft (2024)
• Sulthanpettai: Rs 1,870 per sq.ft (2024)
• Sultanpettai Street: Rs 1,870 per sq.ft (2024)
• Sultanpettai Bazzar Road: Rs 1,870 per sq.ft (2024)
• Sultan Nagar: Rs 1,870 per sq.ft (2024)
• Sultanapettai South Street: Rs 1,870 per sq.ft (2024)

Stamp duty and registration fee for property in Sutha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total to Rs 1,18,800. 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 Sutha Nagar?

The Sub Registrar Office that covers Sutha Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role during the registration of property transactions in Mangadu -A. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the correct fees are applied. This value is essential for legal and financial documentation during property transactions.

Frequently asked questions

What is the current guideline value of Sutha Nagar?

The current guideline value of Sutha Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Sutha Nagar has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What are the stamp duty and registration fees for property in Sutha Nagar?

For a property valued at Rs 13,20,000, the stamp duty is Rs 92,400 and the registration fee is Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Sutha Nagar?

The Kunrathur Sub Registrar Office handles registrations for Sutha Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sutha Nagar?

Sutha Nagar falls under the Residential Class II Type - III land classification, which is relevant for property transactions and guideline values.