Guideline Value for SIMRUTHI NAGAR EXTN

Simruthi Nagar Extn guideline value

The current guideline value of Simruthi Nagar Extn is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village and falls under the Gooduvancheri SRO. The land classification for this street is Mixed Special Type - II.

How the guideline value of Simruthi Nagar Extn has changed

According to the register, the guideline value for Simruthi Nagar Extn has remained consistent over the years. The 2017 revision recorded a value of Rs 1,300 per sq.ft, which was unchanged in the subsequent revisions of 2023 and 2024. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, and again from 2023 to 2024, there was no change in the guideline value, maintaining a steady rate of Rs 1,300 per sq.ft. Overall, from 2017 to 2024, the guideline value has seen a total change of +0%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. The guideline value for Simruthi Nagar Extn is above this median.

• Shri Ram Nagar Part-I,II: Rs 1,000 per sq.ft (2024)
• Shri Pangajapuram: Rs 1,000 per sq.ft (2024)
• Shanmuga Nagar: Rs 1,250 per sq.ft (2024)
• Shalini Nagar: Rs 1,000 per sq.ft (2024)
• Senthil Nagar: Rs 1,000 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Simruthi Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost together to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Simruthi Nagar Extn?

The Sub Registrar Office that covers Simruthi Nagar Extn is 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 Adhanoor

The guideline value is a critical factor in the registration process when buying or selling property in Adhanoor. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government collects the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Simruthi Nagar Extn?

The current guideline value of Simruthi Nagar Extn is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 1,300 per sq.ft from 2017 to 2024, with no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Simruthi Nagar Extn?

The land classification for Simruthi Nagar Extn is Mixed Special Type - II, indicating its diverse usage potential.

Where can I find the registration office for Simruthi Nagar Extn?

The registration office for Simruthi Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Simruthi Nagar Extn?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.