Guideline Value for S.S.NAGAR

S.S.Nagar guideline value

The current guideline value of S.S.Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi Sub Registrar Office (SRO) and falls under the Residential Class II Type - III land classification.

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

The guideline value for S.S.Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, an increase from Rs 700 per sq.ft in the 2023 revision, marking a change of +7%. Prior to that, the 2017 revision recorded a guideline value of Rs 469 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has risen by +60%.

It is important to note that there are no figures available for S.S.Nagar in the revisions from the years 2002, 2003, 2007, and 2012.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the current guideline value of S.S.Nagar.

• Sri Vignarajan Nagar: Rs 750 per sq.ft (2024)
• Sri Velan Nagar & St: Rs 840 per sq.ft (2024)
• Sri Vaishnavi Garden: Rs 750 per sq.ft (2024)
• Sri Srinivasa Garden: Rs 1,400 per sq.ft (2024)
• Sri Satyanarayana Nagar: Rs 770 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 770 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 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, while the registration fee at 2% would be Rs 15,000, bringing the total fees to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.S.Nagar?

S.S.Nagar is covered by the Avadi Sub Registrar Office located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for tax purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can affect the overall cost of the transaction.

Frequently asked questions

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

The current guideline value of S.S.Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, marking an overall increase of +60% during this period.

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

S.S.Nagar is classified under Residential Class II Type - III, indicating its designation for residential use.

Where can I find the registration office for S.S.Nagar?

The registration office for S.S.Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 750 per sq.ft, the total fees would amount to Rs 67,500.