Guideline Value for SINGARASWAMI NAGAR

Singaraswami Nagar guideline value

The current guideline value for Singaraswami Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This locality is situated in Ariyanvoyal village, under the Ponneri SRO, and is classified as Residential Class II Type - I.

How the guideline value of Singaraswami Nagar has changed

The guideline value for Singaraswami Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which decreased to Rs 201 per sq.ft in the 2017 revision. Following this, the value increased to Rs 300 per sq.ft in 2023, and currently stands at Rs 330 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

From 2012 to 2017, there was a significant decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ariyanvoyal

Ariyanvoyal has 26 streets under the Ponneri SRO, with guideline values ranging from Rs 330 to Rs 880 per sq.ft. The median value is Rs 330 per sq.ft, which is the same as the current guideline value for Singaraswami Nagar.

• Shanthi Nagar @ Thirupathy Nagar: Rs 330 per sq.ft (2024)
• Shanmugam Nagar: Rs 440 per sq.ft (2024)
• Sri Lakshmi Avenue: Rs 330 per sq.ft (2024)
• Sakthivel Nagar: Rs 330 per sq.ft (2024)
• Thangavelpuram: Rs 440 per sq.ft (2024)
• Thirupathy Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Singaraswami Nagar

For a 1,000 sq.ft plot at the current rate of Rs 330 per sq.ft, the guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important to note that the 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 more information.

Which Sub Registrar Office covers Singaraswami Nagar?

The Sub Registrar Office covering Singaraswami Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Ariyanvoyal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Singaraswami Nagar?

The current guideline value for Singaraswami Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Singaraswami Nagar has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the land classification for Singaraswami Nagar?

Singaraswami Nagar is classified as Residential Class II Type - I, which indicates its suitability for residential development.

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

The Sub Registrar Office for Singaraswami Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 29,700.