Guideline Value for SHRI SHANMUGA NAGAR

Shri Shanmuga Nagar guideline value

The current guideline value of Shri Shanmuga Nagar is Rs 1,800 per sq.ft. This area is located in Puthupakkam village and falls under the Thiruporur SRO. The land classification for this street is Commercial Class I Type - II.

How the guideline value of Shri Shanmuga Nagar has changed

The guideline value for Shri Shanmuga Nagar has seen several revisions over the years. The 2012 revision set the guideline value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 1,206 per sq.ft, marking a decrease of 33%. However, the subsequent 2023 revision increased the value to Rs 1,800 per sq.ft again, representing a significant rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained constant at Rs 1,800 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2024 for this street.

Guideline values in Puthupakkam

Currently, there are no specific village figures available for Puthupakkam. Shri Shanmuga Nagar is the only street mentioned in the context of guideline values, and there are no other streets in Puthupakkam listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Shri Shanmuga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty is charged at 7%, which totals Rs 1,26,000, and the registration fee is 2%, amounting to Rs 36,000. Therefore, the total fees together would be Rs 1,62,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Shri Shanmuga Nagar?

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

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

The guideline value plays a crucial role during the registration of property transactions in Puthupakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties and fees. This ensures that the transaction is conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Shri Shanmuga Nagar?

The current guideline value of Shri Shanmuga Nagar is Rs 1,800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, and then back to Rs 1,800 per sq.ft in 2023. Overall, it has remained constant from 2012 to 2023.

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

For a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000 and the registration fee would be Rs 36,000, totaling Rs 1,62,000. These fees are based on the guideline value.

Which Sub Registrar Office covers Shri Shanmuga Nagar?

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

Are there other streets in Puthupakkam with guideline values?

Currently, there are no other streets in Puthupakkam listed under the Thiruporur SRO with guideline values available.