Guideline Value for SM NAGAR & SM NAGAR PHASE I

Sm Nagar & Sm Nagar Phase I guideline value

The current guideline value of Sm Nagar & Sm Nagar Phase I is Rs 2,762 per sq.ft as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office (SRO) in Chengalpattu zone, Tamil Nadu, and is classified as Residential Special Type - III.

How the guideline value of Sm Nagar & Sm Nagar Phase I has changed

In the 2017 revision, the guideline value was Rs 1,850 per sq.ft. This represents a significant increase of 49% to the current guideline value of Rs 2,762 per sq.ft established in the 2023 revision. The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

From the 2017 revision to the 2023 revision, the guideline value rose from Rs 1,850 to Rs 2,762 per sq.ft. This change indicates a notable adjustment in the valuation of properties in this area over the six-year period.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. Sm Nagar & Sm Nagar Phase I is part of this locality, and there are no other streets in Mambakkam under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Sm Nagar & Sm Nagar Phase I

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 27,62,000. The stamp duty at 7% would be Rs 1,93,340, and the registration fee at 2% would be Rs 55,240, bringing the total to Rs 2,48,580. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sm Nagar & Sm Nagar Phase I?

The Sm Nagar & Sm Nagar Phase I area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Mambakkam, as it determines the minimum value at which a property can be registered. This value is essential for calculating stamp duty and registration fees during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately in the official registry. It protects both buyers and sellers by providing a standard valuation for properties in the area.

Frequently asked questions

What is the current guideline value of Sm Nagar & Sm Nagar Phase I?

The current guideline value of Sm Nagar & Sm Nagar Phase I is Rs 2,762 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased from Rs 1,850 per sq.ft to Rs 2,762 per sq.ft, which is a rise of 49%.

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

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Sm Nagar & Sm Nagar Phase I.

What is the stamp duty rate for properties in Sm Nagar & Sm Nagar Phase I?

The stamp duty rate for properties in Sm Nagar & Sm Nagar Phase I is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.