Guideline Value for S.B.O.A .Teachers Nagar

S.B.O.A .Teachers Nagar guideline value

The current guideline value for S.B.O.A .Teachers Nagar in Puthagaram village, under the Ambattur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of S.B.O.A .Teachers Nagar has changed

The guideline value for S.B.O.A .Teachers Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in the 2017 revision. From 2017 to 2023, the value increased significantly by 49%, returning to Rs 2,200 per sq.ft in the 2023 revision. The 2024 revision has maintained this value at Rs 2,200 per sq.ft, reflecting no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 2,200 per sq.ft.

Guideline values in Puthagaram

Puthagaram village has a total of 140 streets under the Ambattur SRO, with guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value in this area is Rs 1,900 per sq.ft, placing S.B.O.A .Teachers Nagar above this median.

• Sathyanagar Anex: Rs 3,000 per sq.ft (2024)
• Sathya Nagar: Rs 3,000 per sq.ft (2024)
• Sathyamoorthy Nagar: Rs 1,600 per sq.ft (2024)
• Sarathy Nagar Extention: Rs 2,200 per sq.ft (2024)
• Sarathy Nagar: Rs 2,200 per sq.ft (2024)
• Saraswathi Nagar Annexe & Ext: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in S.B.O.A .Teachers Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers S.B.O.A .Teachers Nagar?

The S.B.O.A .Teachers Nagar area falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Puthagaram. It is used to determine the stamp duty and registration fees that need to be paid during the registration of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is compared with the sale price to determine the applicable duties. The higher of the two values is used for calculating the stamp duty, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for S.B.O.A .Teachers Nagar?

The current guideline value for S.B.O.A .Teachers Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023 and 2024. The value saw a significant increase of 49% from 2017 to 2023.

What are the stamp duty and registration fees for property in S.B.O.A .Teachers Nagar?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for S.B.O.A .Teachers Nagar?

The Ambattur Sub Registrar Office handles registrations for S.B.O.A .Teachers Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the local registration department and is used to calculate the stamp duty and registration fees during property transactions. The value is compared to the sale price to ensure the correct duties are applied.