Guideline Value for S.G.R.Nagar

S.G.R.Nagar guideline value

The current guideline value of S.G.R.Nagar, located in Kerugambakkam village under the Pammal SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - II land classification.

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. The oldest recorded figure is from the 2017 revision, which was Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, marking a significant rise of 49%. The current value of Rs 1,980 per sq.ft from the 2024 revision represents a further increase of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of S.G.R.Nagar is below this median.

• Sivaraj Street: Rs 1,980 per sq.ft (2024)
• Sivasakthi Nagar: Rs 1,980 per sq.ft (2024)
• Sathiyavani Muthu Street: Rs 1,980 per sq.ft (2024)
• Smk Maansarovar Nagar: Rs 2,200 per sq.ft (2024)
• Sankaralinganar Street: Rs 2,750 per sq.ft (2024)
• Samundeeswari Nagar: Rs 1,980 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 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers S.G.R.Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kerugambakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately for taxation purposes.

During the registration process, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers must be aware of this value to avoid discrepancies and ensure compliance with local regulations.

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 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is an overall increase of 64% over this period.

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

S.G.R.Nagar is classified as Residential Class II Type - II, which indicates its suitability for residential purposes.

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

The Sub Registrar Office for S.G.R.Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How do I calculate stamp duty for property in S.G.R.Nagar?

To calculate stamp duty for property in S.G.R.Nagar, you can use the guideline value to determine the total cost. The stamp duty is typically 7% of the guideline value, and there is a registration fee of 2% as well.