Guideline Value for SM NAGAR

Sm Nagar guideline value

The current guideline value of Sm Nagar, located in Melakottyur village under the Gooduvancheri SRO, is Rs 1,792 per sq.ft as per the 2023 revision. The land classification for this area is Mixed Type - I.

How the guideline value of Sm Nagar has changed

In the 2017 revision, the guideline value was Rs 1,200 per sq.ft. This figure increased to Rs 1,792 per sq.ft in the 2023 revision, marking a significant rise of 49%. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2024 for this street.

The 2023 revision reflects the most recent update, with no figures available for the previous years mentioned. The substantial increase from 2017 to 2023 indicates a notable change in the guideline value over this period.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Sm Nagar is part of this village, and there are no other streets in Melakottyur under the Gooduvancheri SRO provided in the available data.

Stamp duty and registration fee for property in Sm Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,792 per sq.ft, the total guideline value amounts to Rs 17,92,000. The stamp duty at 7% would be Rs 1,25,440, while the registration fee at 2% would be Rs 35,840. Together, the total cost for stamp duty and registration fee would be Rs 1,61,280. 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 Sm Nagar?

The Sub Registrar Office that covers Sm Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Melakottyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sm Nagar?

The current guideline value of Sm Nagar is Rs 1,792 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

From the 2017 revision of Rs 1,200 per sq.ft, the guideline value increased to Rs 1,792 per sq.ft in 2023, which is a rise of 49%. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street.

What is the land classification for Sm Nagar?

The land classification for Sm Nagar is Mixed Type - I, indicating a diverse use of land in the area.

How are stamp duty and registration fees calculated in Sm Nagar?

Stamp duty is charged at 7% and the registration fee at 2% based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total cost of Rs 1,61,280 for these fees.

Where is the Sub Registrar Office for Sm Nagar located?

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