Guideline Value for SHANMUGA NAGAR

Shanmuga Nagar guideline value

The current guideline value of Shanmuga Nagar, located in Kannivakkam village, is Rs 1,493 per sq.ft, effective from 1 July 2024. This area falls under the Thiruporur SRO and is classified as Mixed Special Type - III.

How the guideline value of Shanmuga Nagar has changed

In the 2024 revision, the guideline value for Shanmuga Nagar is Rs 1,493 per sq.ft. The 2023 revision also recorded the same value of Rs 1,493 per sq.ft. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Between the revisions of 2023 and 2024, there was no change in the guideline value, remaining at +0%. This consistency in value indicates stability in the guideline price for this street.

Guideline values in Kannivakkam

In Kannivakkam, there are 32 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 2,389 per sq.ft, with a median value of Rs 1,050 per sq.ft. Shanmuga Nagar's 2024 figure of Rs 1,493 per sq.ft is above the median.

• Selli Amman Avenue: Rs 1,800 per sq.ft (2024)
• Sarathy Nagar Phase-I, Phase-II: Rs 900 per sq.ft (2024)
• Saraswathi Avenue: Rs 900 per sq.ft (2024)
• Sanjai Nagar Phase - I: Rs 1,600 per sq.ft (2024)
• Sakthi Nagar: Rs 500 per sq.ft (2024)
• Sai Enclave: Rs 1,493 per sq.ft (2024)

Stamp duty and registration fee for property in Shanmuga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,493 per sq.ft, the total guideline value would be Rs 14,93,000. The stamp duty at 7% would be Rs 1,04,510, and the registration fee at 2% would be Rs 29,860, bringing the total charges to Rs 1,34,370. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shanmuga Nagar?

The Sub Registrar Office that covers Shanmuga Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor during the registration of property transactions in Kannivakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a property transaction, the guideline value is considered to ensure that the correct fees are paid based on the property's value. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Shanmuga Nagar?

The current guideline value of Shanmuga Nagar is Rs 1,493 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Shanmuga Nagar has remained at Rs 1,493 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Kannivakkam?

The median guideline value in Kannivakkam is Rs 1,050 per sq.ft, with Shanmuga Nagar's value above this median.

What are the stamp duty rates for properties in Shanmuga Nagar?

The stamp duty for properties in Shanmuga Nagar is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Shanmuga Nagar located?

The Sub Registrar Office for Shanmuga Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.