Guideline Value for S.K. Nagar

S.K. Nagar guideline value

The current guideline value of S.K. Nagar in Kovilpathagai village is Rs 806 per sq.ft, effective from 1 July 2024. This area falls under the Ambattur SRO and is classified as Residential Class III Type - I.

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

The guideline value for S.K. Nagar has seen several revisions over the years. In 2012, the value was Rs 600 per sq.ft, which decreased to Rs 402 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 100%, bringing the value back to Rs 806 per sq.ft. The 2024 revision maintains this value, showing no change from 2023.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, indicating that S.K. Nagar's current figure is below this median.

• S.M. Nagar: Rs 880 per sq.ft (2024)
• Sivankoil Street: Rs 805 per sq.ft (2024)
• Sri Balaji Co-operative Nagar: Rs 806 per sq.ft (2024)
• Sri Balaji Garden: Rs 804 per sq.ft (2024)
• Shanthi Nagar: Rs 870 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 880 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 806 per sq.ft, the total guideline value amounts to Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, bringing the total cost for these fees to Rs 72,540. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers S.K. Nagar?

The Sub Registrar Office covering S.K. Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovilpathagai. It serves as a benchmark for determining the amount of stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official value set by the government for that location.

Frequently asked questions

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

The current guideline value of S.K. Nagar is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 806 per sq.ft in 2023 and has remained the same in 2024.

What is the median guideline value in Kovilpathagai?

The median guideline value in Kovilpathagai for 2024 is Rs 870 per sq.ft, with S.K. Nagar's value being below this median.

What are the stamp duty and registration fees for a property in S.K. Nagar?

For a property valued at Rs 8,06,000, the stamp duty would be Rs 56,420 and the registration fee would be Rs 16,120, totaling Rs 72,540.

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

The Sub Registrar Office for S.K. Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.