Guideline Value for S.S. Nagar

S.S. Nagar guideline value

The current guideline value of S.S. Nagar, located in the village of Sevilimadu - A, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under the Kanchipuram Joint II SRO and is classified as Residential Class I Type - I.

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

The guideline value of S.S. Nagar has seen several revisions over the years. The oldest recorded figure is from the 2017 revision, which was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the current figure for S.S. Nagar.

• Sri Sankar Nagar: Rs 875 per sq.ft (2024)
• Thalaivar St: Rs 1,100 per sq.ft (2024)
• Thiruchittrambalam Nagar: Rs 1,100 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 1,100 per sq.ft (2024)
• Sri Hari Nagar: Rs 1,100 per sq.ft (2024)
• S M G Nagar: Rs 1,100 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers S.S. Nagar?

The Sub Registrar Office that covers S.S. Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value plays a crucial role in the registration process when buying or selling property in Sevilimadu - A. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate fees based on the assessed value of the property.

Frequently asked questions

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

The current guideline value of S.S. Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

What are the stamp duty rates for property transactions in S.S. Nagar?

The stamp duty for property transactions in S.S. Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for S.S. Nagar?

The Kanchipuram Joint II Sub Registrar Office is responsible for handling registrations for properties in S.S. Nagar.

What is the significance of the guideline value?

The guideline value is significant as it determines the stamp duty and registration fees payable during property transactions. It is essential for both buyers and sellers to understand this value when engaging in property deals.