Guideline Value for SKP - NAGAR

Skp - Nagar guideline value

The current guideline value of Skp - Nagar, located in Periyakuppam village under the Tiruvallur Joint 1 SRO, is Rs 879 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - IV.

How the guideline value of Skp - Nagar has changed

Over the years, the guideline value of Skp - Nagar has undergone several revisions. The earliest revision available is from 2012, where the guideline value was Rs 800 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 536 per sq.ft. Following this, the value increased to Rs 800 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 879 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The significant changes include a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Skp - Nagar's 2024 figure below this median.

• Sivasubramaniyam Street: Rs 550 per sq.ft (2024)
• Sowbhagyam Nagar: Rs 879 per sq.ft (2024)
• Sozhan Street: Rs 1,100 per sq.ft (2024)
• Sree Thirumalai Nagar: Rs 879 per sq.ft (2024)
• Sir.C.V.Raman Street: Rs 1,100 per sq.ft (2024)
• Siddi Vinayagar Kovil Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Skp - Nagar

For a 1,000 sq.ft plot at the current rate of Rs 879 per sq.ft, the guideline value amounts to Rs 8,79,000. The stamp duty at 7% would be Rs 61,530, and the registration fee at 2% would be Rs 17,580, totaling Rs 79,110. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Skp - Nagar?

The Sub Registrar Office covering Skp - Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Periyakuppam. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official registry.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all property transactions are conducted transparently and in accordance with the established regulations.

Frequently asked questions

What is the current guideline value of Skp - Nagar?

The current guideline value of Skp - Nagar is Rs 879 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 879 per sq.ft in 2024.

What is the land classification for Skp - Nagar?

The land classification for Skp - Nagar is Residential Special Type - IV.

What is the median guideline value for streets in Periyakuppam?

The median guideline value for streets in Periyakuppam is Rs 1,100 per sq.ft, with Skp - Nagar's value being below this median.

Where can I find the Sub Registrar Office for Skp - Nagar?

The Sub Registrar Office for Skp - Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.