Guideline Value for S.K. NAGAR

S.K. Nagar guideline value

The current guideline value of S.K. Nagar in Thozhuvur village is Rs 300 per sq.ft, as per the 2023 revision. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class III Type - II.

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

Over the years, the guideline value of S.K. Nagar has seen several revisions. The most recent revision in 2023 set the value at Rs 300 per sq.ft, which reflects an increase from Rs 201 per sq.ft in the 2017 revision. This marks a significant change of +49% from 2017 to 2023. Prior to that, the value was Rs 300 per sq.ft in the 2012 revision, showing a decrease of -33% from 2012 to 2017.

When looking at the overall change from 2012 to 2023, the guideline value remains unchanged at Rs 300 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures available for Thozhuvur. S.K. Nagar is one of the areas under the Tiruvallur Joint 1 SRO, and there are no other streets in Thozhuvur listed with guideline values.

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

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total charges to Rs 27,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S.K. Nagar?

The Sub Registrar Office that covers S.K. Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thozhuvur, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the official value set by the authorities. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of S.K. Nagar is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, and then increased to Rs 300 per sq.ft in 2023.

What is the land classification of S.K. Nagar?

S.K. Nagar is classified as Residential Class III Type - II.

Where is the Sub Registrar Office for S.K. Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000, leading to a stamp duty of Rs 21,000 at 7%.