Guideline Value for SMART LAND NAGAR

Smart Land Nagar guideline value

The current guideline value of Smart Land Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Aurivakkam village and is governed by the Ponneri Sub Registrar Office (SRO). The land classification for this locality is Residential Class II Type - I.

How the guideline value of Smart Land Nagar has changed

The guideline value for Smart Land Nagar has seen several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 67 per sq.ft. This figure increased to Rs 100 per sq.ft in the 2023 revision and remained the same in the 2024 revision, indicating a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. The most recent revision, effective from 1 July 2024, maintains the guideline value at Rs 100 per sq.ft, showing no change from the previous year.

Guideline values in Aurivakkam

Smart Land Nagar is part of Aurivakkam, which has other streets with their respective guideline values. The following are the other streets in Aurivakkam under the Ponneri SRO:

• Backwater County: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Smart Land Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total charges Rs 9,000. It is important to note that the 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 Smart Land Nagar?

The Ponneri Sub Registrar Office covers Smart Land Nagar. The office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO by visiting find your SRO.

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

The guideline value is an essential factor when buying or selling property in Aurivakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that the transaction is in compliance with local regulations. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Smart Land Nagar?

The current guideline value of Smart Land Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase over this period.

Are there any revisions without figures for Smart Land Nagar?

Yes, the guideline value register has no figures for the years 2002, 2003, 2007, and 2012 for Smart Land Nagar.

What are the stamp duty and registration fees for a property in Smart Land Nagar?

For a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 9,000, calculated based on the guideline value of Rs 1,00,000.

Which office handles property registrations for Smart Land Nagar?

The Ponneri Sub Registrar Office handles property registrations for Smart Land Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.