Guideline Value for SMS NAGAR

₹1100/sq.ft.

The guideline value for Sms Nagar in Kattankollatur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kattankollatur

Village

Chengleput Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sms Nagar

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Sms Nagar guideline value

The current guideline value of Sms Nagar, located in Kattankollatur village under the Chengleput Joint II SRO, is Rs 1,100 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sms Nagar has changed

Over the years, the guideline value of Sms Nagar has experienced several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 1,100 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, and by 10% from 2023 to 2024. However, there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Kattankollatur

Kattankollatur has a total of 453 streets under the Chengleput Joint II SRO, with the 2024 guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Sms Nagar.

Stamp duty and registration fee for property in Sms Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sms Nagar?

The Sms Nagar area is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Kattankollatur. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements during the transaction process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sms Nagar?

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, reflecting a 10% increase. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What are the other streets in Kattankollatur with their guideline values?

Other streets in Kattankollatur have varying guideline values, with the highest being Southern County Phase - III at Rs 1,980 per sq.ft and the lowest being Sinthamani Nagar (Sa) at Rs 440 per sq.ft.

How is stamp duty calculated in Sms Nagar?

Stamp duty in Sms Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.

Where can I find the Sub Registrar Office for Sms Nagar?

The Sub Registrar Office for Sms Nagar is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details through the provided link.