Guideline Value for S.S.A. Nagar

S.S.A. Nagar guideline value

The current guideline value of S.S.A. Nagar, located in Valarpuram village under the Sriperumpudur SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This classification falls under Residential Class II Type - I.

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

The guideline value for S.S.A. Nagar has seen several revisions over the years. In 2007, the value was Rs 100 per sq.ft, which increased significantly to Rs 300 per sq.ft in 2012, marking a 200% rise. However, the value dropped to Rs 201 per sq.ft in 2017, before stabilizing at Rs 300 per sq.ft in both 2023 and the upcoming 2024 revision.

From 2017 to 2023, there was a notable increase of 49%, but the value remained unchanged from 2023 to 2024, reflecting a 0% change. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Valarpuram

In Valarpuram, there are 91 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 2,025 per sq.ft. The median value is Rs 300 per sq.ft, which is equal to the current guideline value of S.S.A. Nagar.

• SSV Nagar: Rs 300 per sq.ft (2024)
• Sri Vigneswara Nagar: Rs 400 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Sri Venkatachalapathy Annex: Rs 400 per sq.ft (2024)
• Subham: Rs 700 per sq.ft (2024)
• Subham Extension: Rs 700 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S.S.A. Nagar?

The Sub Registrar Office that covers S.S.A. Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Valarpuram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation set by the authorities.

When buying or selling property, the guideline value helps determine the minimum value on which stamp duty is calculated. This ensures transparency and fairness in property transactions, as it reflects the official valuation of the property in the area.

Frequently asked questions

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

The current guideline value of S.S.A. 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 several times, starting from Rs 100 per sq.ft in 2007, increasing to Rs 300 per sq.ft in 2012, dropping to Rs 201 per sq.ft in 2017, and stabilizing at Rs 300 per sq.ft in both 2023 and 2024.

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

S.S.A. Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 3,00,000, the total cost for these fees would be Rs 27,000.

Where can I find the Sub Registrar Office for S.S.A. Nagar?

The Sub Registrar Office for S.S.A. Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.