Guideline Value for S.S NAGAR

S.S Nagar guideline value

The current guideline value of S.S Nagar, located in Avaloor village under the Walajabad Sub Registrar Office (SRO), is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of S.S Nagar has changed

Over the years, the guideline value for S.S Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Thus, the guideline value has remained stable at Rs 200 per sq.ft from 2012 to 2024, despite the fluctuations observed in earlier years.

Guideline values in Avaloor

Avaloor village has 13 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 450 per sq.ft, with the median being Rs 200 per sq.ft. The guideline value of S.S Nagar aligns perfectly with this median.

• Sss Nagar: Rs 180 per sq.ft (2024)
• Sri Sudharshana Garden: Rs 150 per sq.ft (2024)
• Sudharson Garden: Rs 200 per sq.ft (2024)
• Sri Balaganapathy Garden: Rs 300 per sq.ft (2024)
• R.V.Nagar: Rs 150 per sq.ft (2024)
• Raghavan Naicker Nagar: Rs 100 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total fees Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S.S Nagar?

The S.S Nagar area is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Avaloor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of S.S Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 200 per sq.ft in both 2023 and 2024. It was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012, showing fluctuations in earlier years.

What other streets have guideline values in Avaloor?

Avaloor has 13 streets with guideline values ranging from Rs 100 to Rs 450 per sq.ft. S.S Nagar's value aligns with the median of Rs 200 per sq.ft.

What are the stamp duty and registration fees for property in S.S Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the higher of the guideline value or the sale price.

Which Sub Registrar Office covers S.S Nagar?

The Walajabad Sub Registrar Office covers S.S Nagar, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.