Guideline Value for S M G Nagar

S M G Nagar guideline value

The current guideline value of S M G Nagar, located in the village of Sevilimadu - A under the Kanchipuram Joint II SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of S M G Nagar has changed

The guideline value for S M G Nagar has seen several revisions over the years. In 2017, the value was set at Rs 670 per sq.ft. This was followed by a significant increase in 2023, where the value rose to Rs 1,000 per sq.ft, marking a 49% increase from the previous figure. The latest revision in 2024 has further increased the guideline value to Rs 1,100 per sq.ft, which is a 10% rise from the 2023 figure.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is equal to the current guideline value of S M G Nagar.

• S.M. Doss Nagar: Rs 1,100 per sq.ft (2024)
• S M Doss Avenue: Rs 1,100 per sq.ft (2024)
• Sivalingam Nagar: Rs 1,100 per sq.ft (2024)
• Sri Hari Nagar: Rs 1,100 per sq.ft (2024)
• Selva vinayagar Nagar: Rs 875 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in S M G Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers S M G Nagar?

The Sub Registrar Office that covers S M G Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Sevilimadu - A. It is used to determine the stamp duty and registration fees required during the property registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is considered to assess the transaction's legitimacy. The registration office uses this value to calculate the necessary fees, which can impact the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of S M G Nagar?

The current guideline value of S M G Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets in Sevilimadu - A with similar guideline values?

Other streets in Sevilimadu - A, such as S.M. Doss Nagar, S M Doss Avenue, Sivalingam Nagar, Sri Hari Nagar, and Sri Mahalakshmi Nagar, also have a guideline value of Rs 1,100 per sq.ft in 2024.

What is the stamp duty rate for property in S M G Nagar?

The stamp duty rate for property in S M G Nagar is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for S M G Nagar?

The Sub Registrar Office for S M G Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.