Guideline Value for SHANMUGA PRIYA NAGAR

Shanmuga Priya Nagar guideline value

The current guideline value of Shanmuga Priya Nagar is Rs 700 per sq.ft, as per the 2023 revision. This area falls under Pakkam village and is classified as Residential Class I Type - I. The relevant Sub Registrar Office for this locality is the Tiruvallur Joint 1 SRO.

How the guideline value of Shanmuga Priya Nagar has changed

In the 2017 revision, the guideline value was set at Rs 469 per sq.ft. This figure saw an increase to Rs 700 per sq.ft in the 2023 revision, marking a significant change of +49% over this six-year period. The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

To summarize, the guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023. The absence of figures for earlier revisions indicates that the value has not been recorded for those years.

Guideline values in Pakkam

No specific village figures are provided for Pakkam. Shanmuga Priya Nagar is currently the only street mentioned in the records under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Shanmuga Priya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 700 per sq.ft, the guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, while the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. Please note that 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 further calculations.

Which Sub Registrar Office covers Shanmuga Priya Nagar?

The Sub Registrar Office that covers Shanmuga Priya Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Pakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of a property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the transaction adheres to the legal requirements set forth by the Registration Department.

Frequently asked questions

What is the current guideline value of Shanmuga Priya Nagar?

The current guideline value of Shanmuga Priya Nagar is Rs 700 per sq.ft, based on the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 700 per sq.ft, which is a change of +49%.

Are there any guideline values for the years 2002, 2003, 2007, 2012, and 2024?

The register has no figures for Shanmuga Priya Nagar for the years 2002, 2003, 2007, 2012, and 2024.

What is the registration office for Shanmuga Priya Nagar?

The registration office covering Shanmuga Priya Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.

How is the stamp duty calculated for properties in Shanmuga Priya Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 7,00,000, the stamp duty at 7% would be Rs 49,000, along with a registration fee of Rs 14,000, totaling Rs 63,000.