Guideline Value for SGR Nagar

SGR Nagar guideline value

The current guideline value of SGR Nagar, located in Vengadamangalam village, is Rs 500 per sq.ft as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office and is classified as Residential Class II Type - I.

How the guideline value of SGR Nagar has changed

Over the years, the guideline value of SGR Nagar has seen several revisions. In the 2007 revision, the value was set at Rs 355 per sq.ft, which increased to Rs 500 per sq.ft in the 2012 revision. However, this value remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. The most recent revision in 2023 saw a significant increase to Rs 500 per sq.ft, marking a 49% rise from the 2017 figure.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. Conversely, from 2007 to 2012, the value increased by 41%. Overall, from 2007 to 2023, the guideline value has risen by 41%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures available for Vengadamangalam. SGR Nagar is the only street mentioned in the context of guideline values under the Gooduvancheri SRO.

Stamp duty and registration fee for property in SGR Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the 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 SGR Nagar?

The SGR Nagar area is covered by 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 Vengadamangalam

The guideline value plays a crucial role in the registration process when buying or selling property in Vengadamangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of SGR Nagar?

The current guideline value of SGR Nagar is Rs 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 355 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then dropped to Rs 335 per sq.ft in 2017, and finally increased to Rs 500 per sq.ft in 2023.

What are the stamp duty and registration fees for property in SGR Nagar?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles property registrations in SGR Nagar?

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

Is there any guideline value for Vengadamangalam village?

Currently, there are no specific village figures available for Vengadamangalam, and SGR Nagar is the only street mentioned in the context of guideline values under the Gooduvancheri SRO.