Guideline Value for S.M.NAGAR

S.M.Nagar guideline value

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

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

The guideline value for S.M.Nagar has remained consistent over the years. The 2017 revision set the value at Rs 670 per sq.ft, which was unchanged in the subsequent 2023 revision. The most recent revision in 2024 also maintains this value at Rs 670 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has seen no change, reflecting a stable valuation during this period. The changes between the revisions from 2023 to 2024 and from 2017 to 2023 were both recorded at +0%.

Guideline values in Atanancheri

Atanancheri village has a total of 83 streets under the Gooduvancheri SRO, with 2024 guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median guideline value for the village is Rs 700 per sq.ft, placing S.M.Nagar's value below this median.

• S.M.Nagar Phase-I: Rs 670 per sq.ft (2024)
• S.M.Nagar Phase -II: 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

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

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers S.M.Nagar?

The S.M.Nagar area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is an essential factor during property transactions in Atanancheri. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property in the area.

When registering a property, the guideline value is used to calculate the applicable duties, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

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

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

How often does the guideline value get revised?

The guideline value for S.M.Nagar has been revised in the years 2017, 2023, and 2024, with no changes in value during these revisions.

What is the land classification for S.M.Nagar?

S.M.Nagar is classified as Residential Class IV Type - IV, indicating the type of development permissible in the area.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the median guideline value in Atanancheri?

The median guideline value in Atanancheri is Rs 700 per sq.ft, with S.M.Nagar's value being below this median.