Guideline Value for SRI SHANMUGA NAGAR

Sri Shanmuga Nagar guideline value

The current guideline value of Sri Shanmuga Nagar is Rs 368 per sq.ft. This area is located in Melakondaiyar village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Sri Shanmuga Nagar has changed

The guideline value register for Sri Shanmuga Nagar shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the guideline value at Rs 368 per sq.ft.

Since there have been no changes between the revisions listed, the only current figure available is from the 2023 revision. There are no figures available for the 2024 revision for this street.

Guideline values in Melakondaiyar

Currently, there are no specific village figures provided for Melakondaiyar. The only guideline value available for Sri Shanmuga Nagar is Rs 368 per sq.ft. There are no other streets in Melakondaiyar listed under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sri Shanmuga Nagar

For a 1,000 sq.ft plot at the current rate of Rs 368 per sq.ft, the guideline value amounts to Rs 3,68,000. The stamp duty at 7% would be Rs 25,760, and the registration fee at 2% would be Rs 7,360, together totaling Rs 33,120. 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 Sri Shanmuga Nagar?

The Sub Registrar Office that covers Sri Shanmuga Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Melakondaiyar. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value for properties in the area.

When buying or selling property, the guideline value helps determine the official value of the property for legal and taxation purposes. It is essential to refer to the current guideline value to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Sri Shanmuga Nagar?

The current guideline value of Sri Shanmuga Nagar is Rs 368 per sq.ft, as per the 2023 revision.

What is the land classification for Sri Shanmuga Nagar?

Sri Shanmuga Nagar is classified as Residential Class I Type - III according to the guideline value register.

Are there any guideline value figures for previous years?

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for Sri Shanmuga Nagar. The only available figure is from the 2023 revision.

How is the stamp duty calculated for property in Sri Shanmuga Nagar?

Stamp duty for property in Sri Shanmuga Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a guideline value of Rs 3,68,000, leading to a stamp duty of Rs 25,760.

Where can I find the Sub Registrar Office for Sri Shanmuga Nagar?

The Sub Registrar Office for Sri Shanmuga Nagar is the Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find more details through the provided link.