Guideline Value for REGAN NAGAR

Regan Nagar guideline value

The current guideline value of Regan Nagar is Rs 100 per sq.ft. This area is located in Asuoor village under the Walajabad SRO. There is no specific land classification available for this street.

How the guideline value of Regan Nagar has changed

The guideline value for Regan Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 100 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft, marking a decrease of 33%. However, in the 2023 revision, the value increased significantly to Rs 100 per sq.ft, representing a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained at Rs 100 per sq.ft, indicating no net change during this period. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Asuoor

In Asuoor, there are five streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 100 to Rs 150 per sq.ft, with the median being Rs 100 per sq.ft. Regan Nagar's current guideline value aligns with this median.

• Sukibhava City: Rs 100 per sq.ft (2024)
• Leela Nagar: Rs 150 per sq.ft (2024)
• Vignesh Nagar: Rs 100 per sq.ft (2024)
• Aarthi Nagar: Rs 100 per sq.ft (2024)
• Santha Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Regan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty charged at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 Regan Nagar?

The Sub Registrar Office that covers Regan Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Asuoor, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value serves as a benchmark for the transaction, ensuring that the property is registered at a value that reflects the current market conditions.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Proper understanding of this value can help in making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of Regan Nagar?

The current guideline value of Regan Nagar is Rs 100 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value for Regan Nagar was Rs 100 per sq.ft in 2012, decreased to Rs 67 per sq.ft in 2017, and then increased back to Rs 100 per sq.ft in 2023.

What are the guideline values for other streets in Asuoor?

Other streets in Asuoor have varying guideline values, with rates ranging from Rs 100 to Rs 150 per sq.ft for 2024. Regan Nagar's value aligns with the median of Rs 100 per sq.ft.

What fees are associated with buying property in Regan Nagar?

When purchasing property in Regan Nagar, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Regan Nagar located?

The Sub Registrar Office covering Regan Nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.