Guideline Value for Transport Traffic Supervisor Nagar

Transport Traffic Supervisor Nagar guideline value

The current guideline value for Transport Traffic Supervisor Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Sundaracholavaram village and falls under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Transport Traffic Supervisor Nagar has changed

The guideline value for Transport Traffic Supervisor Nagar has seen several revisions over the years. The oldest recorded revision is from 2007, where the value was Rs 175 per sq.ft. In 2012, it increased significantly to Rs 800 per sq.ft, marking a rise of 357%. However, by 2017, the value dropped to Rs 536 per sq.ft, a decrease of 33%. The value then rose again to Rs 800 per sq.ft in 2023, followed by a further increase to Rs 880 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 403%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Sundaracholavaram

Sundaracholavaram village has a total of 57 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,600 per sq.ft. The median value for these streets is Rs 660 per sq.ft, placing Transport Traffic Supervisor Nagar's 2024 figure above this median.

• ThiruNageswaram Colony M.G.R. Nagar: Rs 660 per sq.ft (2024)
• V.Elumalai Naicker Nagar: Rs 550 per sq.ft (2024)
• Sundharavinayagar Nagar Annex: Rs 1,065 per sq.ft (2024)
• Sundara Vinayagar Nagar: Rs 550 per sq.ft (2024)
• Sundarasolpuram Mettu Street: Rs 660 per sq.ft (2024)
• Sundarasolapuram Mayana Road: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Transport Traffic Supervisor Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty, charged at 7%, would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is essential 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 Transport Traffic Supervisor Nagar?

The Sub Registrar Office that covers Transport Traffic Supervisor 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 Sundaracholavaram

The guideline value is a crucial factor in the registration process when buying or selling property in Sundaracholavaram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the fees are based on a standardized value set by the Registration Department. This process helps maintain transparency and uniformity in property transactions.

Frequently asked questions

What is the current guideline value for Transport Traffic Supervisor Nagar?

The current guideline value for Transport Traffic Supervisor Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 175 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 403% over the years.

What is the median guideline value in Sundaracholavaram?

The median guideline value in Sundaracholavaram for 2024 is Rs 660 per sq.ft, with Transport Traffic Supervisor Nagar's value being above this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where can I find the Sub Registrar Office for this area?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details through the provided link.