Guideline Value for SHAHANA NAGAR

Shahana Nagar guideline value

The current guideline value of Shahana Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Shahana Nagar has changed

The guideline value for Shahana Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 750 per sq.ft, an increase of 7% from the 2023 revision, which was Rs 700 per sq.ft. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft, indicating a significant increase of 49% from 2017 to 2023, and an overall increase of 60% from 2017 to 2024.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

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 guideline value for these streets is Rs 750 per sq.ft, which is equal to the guideline value of Shahana Nagar.

• Senthil Nagar: Rs 750 per sq.ft (2024)
• Sengaliyamman Nagar & Streets: Rs 750 per sq.ft (2024)
• Selvaraj Nagar & Streets: Rs 840 per sq.ft (2024)
• Sivagami Nagar: Rs 840 per sq.ft (2024)
• Sivan Koil Street: Rs 750 per sq.ft (2024)
• Sivan Koil Street, East,West,North South Mada Veet: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Shahana 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, and the registration fee at 2% would be Rs 15,000, making a total of Rs 67,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shahana Nagar?

Shahana 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 details.

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

The guideline value plays a crucial role in property transactions in Thiruninravur-A. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with the registration requirements.

When registering a property, the guideline value is considered alongside the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with local regulations.

Frequently asked questions

What is the current guideline value of Shahana Nagar?

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

How much 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% over this period.

What is the land classification of Shahana Nagar?

Shahana Nagar is classified as Residential Class II Type - III, which indicates its zoning for residential purposes.

Where can I find the Sub Registrar Office for Shahana Nagar?

The Avadi Sub Registrar Office covers Shahana Nagar and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Shahana Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 at a rate of 7%.