Guideline Value for Suyambulingam Nagar Annex - 3

Suyambulingam Nagar Annex - 3 guideline value

The current guideline value of Suyambulingam Nagar Annex - 3 is Rs 1,006 per sq.ft, effective from 1 July 2024. This property is located in Vadaperumbakkam village and falls under the Redhills SRO with a land classification of Residential Class III Type - I.

How the guideline value of Suyambulingam Nagar Annex - 3 has changed

The guideline value for Suyambulingam Nagar Annex - 3 has undergone several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The value saw a significant rise to Rs 500 per sq.ft in 2023, followed by a further increase to Rs 1,006 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it surged by 101%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 403%. The register has no figures for the years 2002 and 2003 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 value of Rs 1,003 per sq.ft. Suyambulingam Nagar Annex - 3's 2024 figure is above this median.

• Suyambulingam Nagar Annex - 1: Rs 1,006 per sq.ft (2024)
• Suyambulingam Nagar Anex: 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 Annex - 3

For a 1,000 sq.ft plot at the current guideline value of Rs 1,006 per sq.ft, the total guideline value would be Rs 10,06,000. The stamp duty at 7% would amount to Rs 70,420, and the registration fee at 2% would be Rs 20,120, bringing the total to Rs 90,540. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Suyambulingam Nagar Annex - 3?

The Sub Registrar Office that covers Suyambulingam Nagar Annex - 3 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 further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Vadaperumbakkam. It is used to calculate the stamp duty and registration fees that buyers must pay when purchasing property.

When selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures that the government collects appropriate taxes on property transactions.

Frequently asked questions

What is the current guideline value of Suyambulingam Nagar Annex - 3?

The current guideline value of Suyambulingam Nagar Annex - 3 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 from Rs 200 per sq.ft in 2007 to Rs 1,006 per sq.ft in 2024, reflecting an overall increase of 403% over the years.

What is the land classification for Suyambulingam Nagar Annex - 3?

Suyambulingam Nagar Annex - 3 is classified as Residential Class III Type - I.

Which office handles registrations for properties in this area?

The Redhills Sub Registrar Office handles registrations for properties in Suyambulingam Nagar Annex - 3.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is typically charged at 7% of the guideline value.