Guideline Value for S.R.G.D. Nagar

S.R.G.D. Nagar guideline value

The current guideline value of S.R.G.D. Nagar, located in Pakkam village under the Madurandakam SRO, is Rs 300 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of S.R.G.D. Nagar has changed

The guideline value for S.R.G.D. Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 40 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012. However, this value decreased to Rs 201 per sq.ft in 2017. The 2023 revision maintained the guideline value at Rs 300 per sq.ft, and this has remained unchanged into the 2024 revision.

From 2017 to 2023, there was an increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. The jump from 2007 to 2012 was substantial at 650%. Overall, from 2007 to 2024, the guideline value has increased by 650%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Pakkam

Pakkam village has 13 streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 350 per sq.ft. The median value for these streets is Rs 300 per sq.ft, which is equal to the 2024 figure for S.R.G.D. Nagar.

• Sri Ram Nagar: Rs 300 per sq.ft (2024)
• Vignesh Nagar: Rs 200 per sq.ft (2024)
• Vignesh Nagar Extension: Rs 200 per sq.ft (2024)
• Kowsalya Garden: Rs 350 per sq.ft (2024)
• J J Nagar: Rs 200 per sq.ft (2024)
• Esic Employes Union Golden Juble Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in S.R.G.D. Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the 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.R.G.D. Nagar?

The Sub Registrar Office that covers S.R.G.D. Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the property registration process in Pakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of S.R.G.D. Nagar?

The current guideline value of S.R.G.D. Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, decreased to Rs 201 per sq.ft in 2017, and then returned to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification for S.R.G.D. Nagar?

The land classification for S.R.G.D. Nagar is Mixed Type - I, which indicates the type of development allowed in the area.

How is stamp duty calculated for properties in S.R.G.D. Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000.

Where can I find the Sub Registrar Office for S.R.G.D. Nagar?

The Sub Registrar Office for S.R.G.D. Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.