Guideline Value for S.L.K.K NAGAR

S.L.K.K Nagar guideline value

The current guideline value of S.L.K.K Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Athur A Block village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

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

The guideline value of S.L.K.K Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, reflecting a decrease of 33%. In the following revisions, the value increased significantly to Rs 600 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase from 2017 to 2023, with no overall change from 2012 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the values from those years are not available for reference.

Guideline values in Athur A Block

Athur A Block contains 44 streets under the Chengleput Joint II SRO that have a 2024 guideline value ranging from Rs 300 to Rs 1,525 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which means that S.L.K.K Nagar's current guideline value aligns with this median.

• Sivakami Nagar: Rs 600 per sq.ft (2024)
• Sri Adhinath Avenue: Rs 600 per sq.ft (2024)
• Sri Balaji Nagar: Rs 600 per sq.ft (2024)
• Sri Malli Nathar Nagar: Rs 600 per sq.ft (2024)
• Sri Nagar: Rs 400 per sq.ft (2024)
• Srinivasa Avenue: Rs 500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees together to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers S.L.K.K Nagar?

The Sub Registrar Office that covers S.L.K.K Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Athur A Block

The guideline value is a crucial factor in the registration process when buying or selling property in Athur A Block. 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 used to calculate the required fees, ensuring that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

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

The current guideline value of S.L.K.K Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft in the 2023 and 2024 revisions, while it decreased to Rs 402 per sq.ft in 2017 from Rs 600 per sq.ft in 2012. There was a 49% increase from 2017 to 2023, but overall, there has been no change from 2012 to 2024.

What are the other streets in Athur A Block with the same guideline value?

Several other streets in Athur A Block also have a guideline value of Rs 600 per sq.ft in 2024. These include Sivakami Nagar, Sri Adhinath Avenue, Sri Balaji Nagar, and Sri Malli Nathar Nagar.

What is the stamp duty rate for properties in S.L.K.K Nagar?

The stamp duty rate for properties in S.L.K.K Nagar is 7% of the guideline value or the sale price, whichever is higher. This is part of the total fees required during the registration process.

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

The Sub Registrar Office for S.L.K.K Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information through the provided link.