Guideline Value for S.K.NAGAR

S.K.Nagar guideline value

The current guideline value of S.K.Nagar, located in Karanai village under the Uthiramerur SRO, is Rs 175 per sq.ft, effective from 1 July 2024. This area falls under the Residential Special Type - II land classification.

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

The guideline value for S.K.Nagar has remained consistent over the years. The register shows that for the 2017 revision, the value was Rs 175 per sq.ft, which was the same in the 2023 revision. The 2024 revision also maintains this figure, showing no change from the previous years.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street, indicating that the value has remained stable since 2017.

Guideline values in Karanai

In Karanai village, there are three streets under the Uthiramerur SRO that carry a 2024 guideline value. The values range from Rs 165 to Rs 262 per sq.ft, with the median being Rs 175 per sq.ft, placing S.K.Nagar's 2024 figure at this median.

• Dr.APJ.ABDUL KALAM NAGAR: Rs 165 per sq.ft (2024)
• ஸ்ரீ சாய் சபரி கார்டன்: Rs 262 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 rate, the guideline value amounts to Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, totaling Rs 15,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers S.K.Nagar?

S.K.Nagar falls under the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karanai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of S.K.Nagar is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for S.K.Nagar has remained stable at Rs 175 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions.

Are there any revisions without figures for S.K.Nagar?

Yes, the register shows no figures for the revisions in 2002, 2003, 2007, and 2012 for S.K.Nagar.

What are the guideline values of other streets in Karanai?

In Karanai, other streets have guideline values ranging from Rs 165 to Rs 262 per sq.ft. The median value is Rs 175 per sq.ft, which is the same as that of S.K.Nagar.

Where can I find the Uthiramerur Sub Registrar Office?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.