Guideline Value for Suyambulingam Nagar Anex

Suyambulingam Nagar Anex guideline value

The current guideline value of Suyambulingam Nagar Anex is Rs 1,006 per sq.ft, effective from 1 July 2024. This area is located in Vadaperumbakkam village and falls under the Redhills SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Suyambulingam Nagar Anex has changed

The guideline value for Suyambulingam Nagar Anex has seen significant changes over the years. In 2003, the guideline value was Rs 35 per sq.ft. This increased to Rs 200 per sq.ft in 2007, followed by a rise to Rs 500 per sq.ft in 2012. However, it decreased to Rs 335 per sq.ft in 2017. The value then increased to Rs 500 per sq.ft in 2023 and saw a substantial jump to Rs 1,006 per sq.ft in 2024, marking a 101% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 2774%. The register does not provide a figure for the year 2002 for this street.

Guideline values in Vadaperumbakkam

In Vadaperumbakkam, there are 77 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,300 per sq.ft, with a median of Rs 1,003 per sq.ft. The guideline value for Suyambulingam Nagar Anex is above this median.

• Suyambulingam Nagar Annex - 1: Rs 1,006 per sq.ft (2024)
• Suyambulingam Nagar Annex - 3: Rs 1,006 per sq.ft (2024)
• Sumangali Nagar: Rs 1,006 per sq.ft (2024)
• T.G. Swamy Nagar: Rs 1,004 per sq.ft (2024)
• Thanikachalam Nagar: Rs 1,000 per sq.ft (2024)
• Sri Vetri Nagar Extn.: Rs 1,004 per sq.ft (2024)

Stamp duty and registration fee for property in Suyambulingam Nagar Anex

For a 1,000 sq.ft plot at the current rate of Rs 1,006 per sq.ft, the guideline value amounts to Rs 10,06,000. The stamp duty at 7% would be Rs 70,420, and the registration fee at 2% would be Rs 20,120, totaling Rs 90,540. Please note that the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Suyambulingam Nagar Anex?

The Sub Registrar Office covering Suyambulingam Nagar Anex is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Vadaperumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in compliance with local regulations. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Suyambulingam Nagar Anex?

The current guideline value of Suyambulingam Nagar Anex is Rs 1,006 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 35 per sq.ft in 2003 to Rs 1,006 per sq.ft in 2024, reflecting an overall increase of 2774% over the years.

What is the land classification for Suyambulingam Nagar Anex?

The land classification for Suyambulingam Nagar Anex is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Suyambulingam Nagar Anex?

The Sub Registrar Office for Suyambulingam Nagar Anex is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is stamp duty calculated for properties in Suyambulingam Nagar Anex?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 10,06,000, the stamp duty at 7% would be Rs 70,420.