Guideline Value for S.D. Nagar

S.D. Nagar guideline value

The current guideline value of S.D. Nagar, located in Nallur village under the Sriperumpudur SRO, is Rs 350 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of New House Site Type -III (Approved Lay-Out).

How the guideline value of S.D. Nagar has changed

Over the years, the guideline value for S.D. Nagar has experienced several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 350 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 234 per sq.ft. The guideline value remained unchanged at Rs 350 per sq.ft in both the 2023 and 2024 revisions, indicating a 50% increase from 2017 to 2023 and a 0% change from 2023 to 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from the 2007 revision to the current 2024 figure, there has been a 75% increase in the guideline value.

Guideline values in Nallur

Nallur village has a total of 33 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 126 to Rs 700 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing S.D. Nagar's 2024 figure of Rs 350 per sq.ft above this median.

• Siva Sakthi Nagar: Rs 150 per sq.ft (2024)
• S.R. Garden: Rs 150 per sq.ft (2024)
• Sri Balaji Nagar: Rs 250 per sq.ft (2024)
• Sri Balaji Nagar Part-I: Rs 250 per sq.ft (2024)
• Sri Balaji Nagar Part-II: Rs 250 per sq.ft (2024)
• Ranji Nagar: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in S.D. Nagar

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. 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 details.

Which Sub Registrar Office covers S.D. Nagar?

The Sub Registrar Office that covers S.D. Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor in property transactions in Nallur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay when completing a property transaction.

When buying or selling property, the guideline value ensures transparency and helps in the assessment of the property’s worth. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of S.D. Nagar?

The current guideline value of S.D. Nagar is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 350 per sq.ft, unchanged from 2023. The value was Rs 234 per sq.ft in 2017, reflecting a 50% increase to 2023.

What are the guideline values for other streets in Nallur?

Other streets in Nallur have varying guideline values, ranging from Rs 126 to Rs 700 per sq.ft. For example, Siva Sakthi Nagar and S.R. Garden are both valued at Rs 150 per sq.ft in 2024.

How is stamp duty calculated for properties in S.D. Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 3,50,000, the stamp duty would be Rs 24,500 at a rate of 7%.

Where can I find the Sub Registrar Office for S.D. Nagar?

The Sub Registrar Office for S.D. Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registration processes for properties in the area.