Guideline Value for SMA NAGAR PART-II

Sma Nagar Part-II guideline value

The current guideline value of Sma Nagar Part-II is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Sirunallur village and falls under the Madurandakam SRO. The land classification for this site is New House Site Type -I (Individual House Site).

How the guideline value of Sma Nagar Part-II has changed

Looking at the historical revisions, the guideline value for Sma Nagar Part-II was Rs 100 per sq.ft in 2012, which later changed to Rs 67 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 100 per sq.ft in 2023. The most recent revision in 2024 maintains this figure at Rs 100 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained the same at Rs 100 per sq.ft.

Guideline values in Sirunallur

In Sirunallur, there are 16 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median value of Rs 175 per sq.ft. Sma Nagar Part-II's 2024 figure is below this median.

• Shakthi Nagar: Rs 102 per sq.ft (2024)
• Sri Lakshmi Narasimmar Nagar: Rs 200 per sq.ft (2024)
• Sri Saraswathi Nagar: Rs 200 per sq.ft (2024)
• Sai Serveshwara Garden: Rs 250 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 102 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sma Nagar Part-II

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. 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 details.

Which Sub Registrar Office covers Sma Nagar Part-II?

The Sub Registrar Office that covers Sma Nagar Part-II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Sirunallur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and transparently.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is crucial for both buyers and sellers in the area.

Frequently asked questions

What is the current guideline value of Sma Nagar Part-II?

The current guideline value of Sma Nagar Part-II is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent being Rs 100 per sq.ft in 2024, which is the same as in 2023. It was Rs 67 per sq.ft in 2017, showing a significant increase of 49% to 2023.

What is the land classification of Sma Nagar Part-II?

The land classification for Sma Nagar Part-II is New House Site Type -I (Individual House Site).

Where can I find the Sub Registrar Office for Sma Nagar Part-II?

The Sub Registrar Office for Sma Nagar Part-II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

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 of Rs 100 per sq.ft, the total fees would amount to Rs 9,000.