Guideline Value for SRI SAWDAMBIGA NAGAR PHASE-I

Sri Sawdambiga Nagar Phase-I guideline value

The current guideline value of Sri Sawdambiga Nagar Phase-I is Rs 902 per sq.ft. This property is located in Allappakkam village, under the Chengleput Joint I SRO, and falls under the Residential Special Type - IV land classification.

How the guideline value of Sri Sawdambiga Nagar Phase-I has changed

The guideline value for Sri Sawdambiga Nagar Phase-I has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 902 per sq.ft, which is a slight increase from Rs 900 per sq.ft in 2023, reflecting a change of +0%. Prior to this, in 2017, the guideline value was Rs 603 per sq.ft, marking a significant increase of +49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 900 per sq.ft, indicating a decrease of -33% from the 2012 to 2017 period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, comparing the 2012 and 2024 revisions, the guideline value has remained unchanged at +0%. This indicates stability in the guideline value over the last decade, despite fluctuations in the intervening years.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 600 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, which means that Sri Sawdambiga Nagar Phase-I's 2024 figure is below that median.

• Sri Sastha Nagar: Rs 902 per sq.ft (2024)
• Sri Varalakshmi Nagar: Rs 800 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,102 per sq.ft (2024)
• Star City Phase-I: Rs 1,102 per sq.ft (2024)
• Star City Phase-II: Rs 1,102 per sq.ft (2024)
• Star City Phase-III: Rs 1,102 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sawdambiga Nagar Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 902 per sq.ft, the total guideline value amounts to Rs 9,02,000. The stamp duty is calculated at 7%, which totals Rs 63,140, while the registration fee at 2% amounts to Rs 18,040. Together, the total cost for stamp duty and registration fee would be Rs 81,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sawdambiga Nagar Phase-I?

The Sub Registrar Office that covers Sri Sawdambiga Nagar Phase-I is the Chengleput Joint I 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 Allappakkam

The guideline value plays a crucial role in the registration process of property transactions in Allappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the financial aspects of the transaction, including the costs associated with registration and taxation. Buyers should ensure that the sale price is in line with the guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sawdambiga Nagar Phase-I?

The current guideline value of Sri Sawdambiga Nagar Phase-I is Rs 902 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has seen several changes. It was Rs 900 per sq.ft in 2023, Rs 603 per sq.ft in 2017, and Rs 900 per sq.ft in 2012. The register has no figures for the years 2002, 2003, and 2007 for this street.

What is the land classification of Sri Sawdambiga Nagar Phase-I?

Sri Sawdambiga Nagar Phase-I is classified as Residential Special Type - IV, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 9,02,000, the stamp duty is Rs 63,140 and the registration fee is Rs 18,040, totaling Rs 81,180. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Sawdambiga Nagar Phase-I located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. This office handles the registration of properties in the area.