Guideline Value for S.S.NAGAR

S.S.Nagar guideline value

The current guideline value of S.S.Nagar is Rs 1,300 per sq.ft as per the 2023 revision. This area falls under Nalambakkam village and is governed by the Gooduvancheri SRO. The land classification for S.S.Nagar is Residential Special Type - II.

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

The guideline value for S.S.Nagar has undergone revisions over the years. In the 2017 revision, the guideline value was Rs 871 per sq.ft. This figure increased to Rs 1,300 per sq.ft in the 2023 revision, marking a significant change of +49% over the six-year period.

There are no figures available for the revisions in the years 2024, 2012, 2007, 2003, and 2002 for this street. Therefore, the only available revisions are from 2017 and 2023.

Guideline values in Nalambakkam

No specific village figures are provided for Nalambakkam. Currently, S.S.Nagar is the only street mentioned under the Gooduvancheri SRO, and there are no other streets in Nalambakkam listed.

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 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000. Together, the total cost for stamp duty and registration fee would be Rs 1,17,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers S.S.Nagar?

The Sub Registrar Office that covers S.S.Nagar is 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 more information.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in S.S.Nagar, the guideline value will influence the stamp duty and registration fees payable during the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. The registration office will use this value to calculate the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of S.S.Nagar is Rs 1,300 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 871 per sq.ft to Rs 1,300 per sq.ft, which is a change of +49%.

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

The land classification for S.S.Nagar is Residential Special Type - II.

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

For a 1,000 sq.ft property, the total guideline value is Rs 13,00,000. The stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, making the total Rs 1,17,000.

Which office handles registrations for S.S.Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for S.S.Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.