Guideline Value for S.S.NAGAR

S.S.Nagar guideline value

The current guideline value of S.S.Nagar is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village under the Avadi SRO, classified as Residential Class II Type - III.

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

The guideline value for S.S.Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 770 per sq.ft, marking a 10% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the value increased by 49%, and the overall change from 2017 to 2024 is a significant 64%. This demonstrates a consistent upward trend in the guideline value over the years.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is the same as the current value for S.S.Nagar.

• Sri Vignarajan Nagar: Rs 770 per sq.ft (2024)
• Sri Velan Nagar & St: Rs 870 per sq.ft (2024)
• Sri Vaishnavi Garden: Rs 770 per sq.ft (2024)
• Sri Satyanarayana Nagar: Rs 768 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 768 per sq.ft (2024)
• Sri Saravana 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty, calculated at 7%, would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total fees to Rs 69,300. 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.Nagar?

The S.S.Nagar area 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-B

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the registration process reflects the current market conditions as per the established guideline values.

Frequently asked questions

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

The current guideline value of S.S.Nagar is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for S.S.Nagar has increased from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty for property in S.S.Nagar?

The stamp duty for property in S.S.Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 53,900.

Which office handles property registration for S.S.Nagar?

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

What are the other streets with similar guideline values in Thiruninravur-B?

Other streets in Thiruninravur-B with similar guideline values include Sri Vignarajan Nagar and Sri Vaishnavi Garden, both at Rs 770 per sq.ft in 2024.