Guideline Value for SPS NAGAR

Sps Nagar guideline value

The current guideline value of Sps Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Ponthoor village, under the Sriperumpudur SRO, and is classified as Residential Special Type - I.

How the guideline value of Sps Nagar has changed

The guideline value for Sps Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 402 per sq.ft, which remained unchanged at Rs 600 per sq.ft in the 2023 revision. With the 2024 revision, the value remains at Rs 600 per sq.ft, showing no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, indicating a consistent valuation since 2023.

Guideline values in Ponthoor

Ponthoor village has a total of 79 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,239 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, placing Sps Nagar's 2024 figure above this median.

• Sree Balaji Nagar: Rs 1,195 per sq.ft (2024)
• Sivayogam Nagar: Rs 300 per sq.ft (2024)
• Sri krishna Nagar: Rs 500 per sq.ft (2024)
• Shanthi Avenue: Rs 448 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 402 per sq.ft (2024)
• Sevvanthipoo Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sps Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. 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 Sps Nagar?

The Sub Registrar Office that covers Sps Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Ponthoor, the guideline value is a critical factor in determining the registration fees and stamp duty. The guideline value is used to calculate the fees based on the property's value, ensuring that all transactions are conducted fairly and transparently.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the total cost of the transaction. Understanding how this value is applied can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Sps Nagar?

The current guideline value of Sps Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What are the guideline values of other streets in Ponthoor?

Other streets in Ponthoor have varying guideline values, with Sree Balaji Nagar at Rs 1,195 per sq.ft and Sivayogam Nagar at Rs 300 per sq.ft, among others.

How is stamp duty calculated for properties in Sps Nagar?

Stamp duty for properties in Sps Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 42,000 based on the current guideline value.

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

The Sub Registrar Office for Sps Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details online.