Guideline Value for SNT NAGAR

Snt Nagar guideline value

The current guideline value of Snt Nagar, located in Kayirambedu village under the Chengleput Joint II SRO, is Rs 2,389 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Mixed Special Type - II.

How the guideline value of Snt Nagar has changed

The guideline value for Snt Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 1,600 per sq.ft, which remained unchanged until the 2023 revision, which also recorded Rs 2,389 per sq.ft. The 2024 revision has maintained the same value of Rs 2,389 per sq.ft, indicating no change from the previous year. The register has no figures for this street in the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%, and there has been an overall increase of 49% from 2017 to 2024. The consistent value of Rs 2,389 per sq.ft in both the 2023 and 2024 revisions suggests stability in the guideline value for this street.

Guideline values in Kayirambedu

In Kayirambedu village, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Snt Nagar is above this median, reflecting its specific characteristics.

• S Na Garden: Rs 900 per sq.ft (2024)
• Sorna Bungalow Nagar: Rs 700 per sq.ft (2024)
• S.K.S. Star Light Avenue: Rs 1,045 per sq.ft (2024)
• Sks Kathirvelan Garden: Rs 2,389 per sq.ft (2024)
• Sks Ganesa Garden: Rs 2,986 per sq.ft (2024)
• Sowbhagya Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Snt Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,389 per sq.ft, the total guideline value amounts to Rs 23,89,000. The stamp duty at 7% would be Rs 1,67,230, and the registration fee at 2% would be Rs 47,780, bringing the total to Rs 2,15,010. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Snt Nagar?

The Sub Registrar Office that covers Snt Nagar is 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 details.

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

The guideline value is a crucial factor in the property registration process in Kayirambedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the transaction. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can impact the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of Snt Nagar?

The current guideline value of Snt Nagar is Rs 2,389 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. The value remained unchanged at Rs 2,389 per sq.ft from 2023 to 2024.

What is the land classification of Snt Nagar?

Snt Nagar falls under the land classification of Mixed Special Type - II as per the guideline value register.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Tamil Nadu.

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

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For a 1,000 sq.ft plot, the total fees can amount to Rs 2,15,010.