Guideline Value for S.S.NAGAR

S.S.Nagar guideline value

The current guideline value of S.S.Nagar, located in Aaladu village under the Ponneri SRO, is Rs 100 per sq.ft as per the 2023 revision. This area falls under the Residential Class II Type - I land classification.

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

In the 2002 revision, the guideline value register has no figure for S.S.Nagar. The same applies for the years 2003, 2007, 2012, and 2017, where the register does not provide any figures for this street. The only available figure is from the 2023 revision, which is Rs 100 per sq.ft.

There have been no changes in the guideline value between the revisions mentioned above. The current value remains at Rs 100 per sq.ft as established in the 2023 revision.

Guideline values in Aaladu

Aaladu village has a range of guideline values, with 13 streets under the Ponneri SRO carrying a 2024 figure ranging from Rs 200 to Rs 400 per sq.ft, where the median is Rs 200 per sq.ft. S.S.Nagar's guideline value is significantly lower than these other streets.

• Sri Vari Mahalakshmi Nagar: Rs 300 per sq.ft (2024)
• Vengadachalapathi Avenue: Rs 200 per sq.ft (2024)
• Rudhran Nagar: Rs 300 per sq.ft (2024)
• Rajeswari Nagar: Rs 200 per sq.ft (2024)
• Rajam Nagar: Rs 200 per sq.ft (2024)
• Jayam Housing Site: Rs 200 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 rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers S.S.Nagar?

The Sub Registrar Office that covers S.S.Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property in Aaladu, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold or purchased, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of S.S.Nagar is Rs 100 per sq.ft as per the 2023 revision.

How has the guideline value of S.S.Nagar changed over the years?

The guideline value for S.S.Nagar has not changed since the 2023 revision, and there are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

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

S.S.Nagar falls under the Residential Class II Type - I land classification.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in S.S.Nagar?

Stamp duty for properties in S.S.Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.