Guideline Value for S.K.NAGAR

S.K.Nagar guideline value

The current guideline value of S.K.Nagar, located in Kadambattur village under the Perambakkam SRO, is Rs 234 per sq.ft. This value is effective from the 2024 revision, which took effect on 1 July 2024. The land classification for this area is Residential Class II Type - II.

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

Since the 2002 revision, there have been several updates to the guideline value for S.K.Nagar. The register has no figures for the revisions in 2002, 2003, 2007, and 2012. The 2017 revision set the guideline value at Rs 234 per sq.ft, which remained unchanged in the 2023 revision. The most recent 2024 revision also maintains the guideline value at Rs 234 per sq.ft, showing no percentage change from the previous years.

Overall, from the 2017 revision to the 2024 revision, the guideline value has seen no change, remaining consistent at Rs 234 per sq.ft across these years. This stability indicates that the guideline value has not fluctuated during this period.

Guideline values in Kadambattur

In Kadambattur, five streets under the Perambakkam SRO have a 2024 guideline value ranging from Rs 201 to Rs 500 per sq.ft, with the median value being Rs 234 per sq.ft. S.K.Nagar's 2024 figure aligns perfectly with this median.

• Sambantham Nagar: Rs 234 per sq.ft (2024)
• Vignesh Nagar: Rs 234 per sq.ft (2024)
• M.S.Nagar: Rs 500 per sq.ft (2024)
• வசந்தம் நகர்: Rs 201 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 234 per sq.ft, the total guideline value amounts to Rs 2,34,000. The stamp duty at 7% would be Rs 16,380, and the registration fee at 2% would be Rs 4,680, leading to a total of Rs 21,060. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers S.K.Nagar?

The Sub Registrar Office that covers S.K.Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kadambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented at a legally recognized value.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of S.K.Nagar is Rs 234 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of S.K.Nagar has remained consistent at Rs 234 per sq.ft since the 2017 revision through to the 2024 revision, with no changes recorded in the intervening years.

What are the other streets in Kadambattur with guideline values?

Other streets in Kadambattur under the Perambakkam SRO include Sambantham Nagar and Vignesh Nagar, both at Rs 234 per sq.ft, M.S.Nagar at Rs 500 per sq.ft, and வசந்தம் நகர் at Rs 201 per sq.ft as of 2024.

What fees are associated with property transactions in S.K.Nagar?

When purchasing property in S.K.Nagar, buyers must pay stamp duty at 7% of the guideline value and a registration fee at 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 21,060 in fees.

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

The Sub Registrar Office for S.K.Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone.