Guideline Value for S.G.R Nagar

S.G.R Nagar guideline value

The current guideline value of S.G.R Nagar, located in Arambakkam village under the Gooduvancheri SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of S.G.R Nagar has changed

The guideline value for S.G.R Nagar has undergone several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft, which remained unchanged in the subsequent revision in 2023. However, from 2017, when the value was Rs 536 per sq.ft, there was a significant increase of 49% to reach Rs 800 per sq.ft in 2023. The 2024 revision again maintains this value at Rs 800 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, when considering the period from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Arambakkam

Within Arambakkam, there are 33 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 800 per sq.ft. The median value for these streets is Rs 600 per sq.ft, placing S.G.R Nagar's 2024 value above that median.

• Shantha Nagar: Rs 600 per sq.ft (2024)
• Selva Ganapathi Nagar: Rs 600 per sq.ft (2024)
• S.K.S Avenue: Rs 500 per sq.ft (2024)
• Sasikala Nagar: Rs 600 per sq.ft (2024)
• Sri Ellai Amman Nagar: Rs 500 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in S.G.R Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees together to Rs 72,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers S.G.R Nagar?

The S.G.R Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arambakkam. It serves as a reference point for determining the stamp duty and registration fees, ensuring that these costs are calculated based on an official valuation.

When a property transaction occurs, the guideline value helps to establish the minimum value at which the property can be registered. Buyers and sellers should be aware of this value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of S.G.R Nagar?

The current guideline value of S.G.R Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft since 2012, with a significant increase from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023. There were no changes from 2023 to 2024.

What is the land classification for S.G.R Nagar?

The land classification for S.G.R Nagar is Residential Special Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for properties in S.G.R Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for S.G.R Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for S.G.R Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.