Guideline Value for S.M.NAGAR PHASE-I

S.M.Nagar Phase-I guideline value

The current guideline value of S.M.Nagar Phase-I is Rs 670 per sq.ft, effective from 1 July 2024. This area is located in Atanancheri village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Class IV Type - IV.

How the guideline value of S.M.Nagar Phase-I has changed

The guideline value for S.M.Nagar Phase-I has remained consistent over the years. In the 2017 revision, the guideline value was Rs 670 per sq.ft, which continued unchanged in the 2023 revision and remains the same for the 2024 revision. There are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Overall, from 2017 to 2024, the guideline value has seen no increase, maintaining a steady rate of Rs 670 per sq.ft throughout this period. The changes between the revisions from 2023 to 2024 and from 2017 to 2023 also reflect a +0% change, indicating stability in the guideline value for this street.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for the area is Rs 700 per sq.ft, placing S.M.Nagar Phase-I's 2024 figure below that median.

• S.M.Nagar Phase -II: Rs 670 per sq.ft (2024)
• S.M.Nagar: Rs 670 per sq.ft (2024)
• Sri Amman Nagar: Rs 400 per sq.ft (2024)
• Sri Balaji Nagar: Rs 700 per sq.ft (2024)
• Shanthi Nagar: Rs 600 per sq.ft (2024)
• Sri Drowpathi Amman Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in S.M.Nagar Phase-I

For a 1,000 sq.ft plot at the current rate of Rs 670 per sq.ft, the guideline value amounts to Rs 6,70,000. The stamp duty at 7% would be Rs 46,900, and the registration fee at 2% would be Rs 13,400, bringing the total to Rs 60,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers S.M.Nagar Phase-I?

The Sub Registrar Office that covers S.M.Nagar Phase-I is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more information, you can find your SRO.

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

The guideline value is a critical factor during property registration in Atanancheri. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of S.M.Nagar Phase-I?

The current guideline value of S.M.Nagar Phase-I is Rs 670 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for S.M.Nagar Phase-I has remained constant at Rs 670 per sq.ft since the 2017 revision, with no changes recorded in the subsequent revisions of 2023 and 2024.

What is the land classification for S.M.Nagar Phase-I?

The land classification for S.M.Nagar Phase-I is Residential Class IV Type - IV, indicating its suitability for residential development.

Where is the Sub Registrar Office for S.M.Nagar Phase-I located?

The Sub Registrar Office for S.M.Nagar Phase-I is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in S.M.Nagar Phase-I?

Stamp duty for properties in S.M.Nagar Phase-I is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.