Guideline Value for SSI NAGAR PHASE - I

Ssi Nagar Phase - I guideline value

The current guideline value of Ssi Nagar Phase - I is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village and falls under the Redhills SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Ssi Nagar Phase - I has changed

The guideline value for Ssi Nagar Phase - I has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. This marked a decrease of 33%. However, the value increased significantly to Rs 400 per sq.ft in 2023, reflecting a 49% rise. The most recent revision in 2024 has further increased the value to Rs 440 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 365 to Rs 1,792 per sq.ft. The median value is Rs 440 per sq.ft, which matches the guideline value of Ssi Nagar Phase - I.

• Ssi Nagar: Rs 440 per sq.ft (2024)
• S.R.V. Nagar: Rs 440 per sq.ft (2024)
• Sri Vigneswara Nagar: Rs 770 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 770 per sq.ft (2024)
• Sri Venkateshwara Nagar Part - 4: Rs 440 per sq.ft (2024)
• Sri Venkateshwara Nagar Part - 2: Rs 440 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ssi Nagar Phase - I?

The Sub Registrar Office that covers Ssi Nagar Phase - I is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vilangadupakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Ssi Nagar Phase - I is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Ssi Nagar Phase - I?

The land classification for Ssi Nagar Phase - I is Residential Class III Type - I.

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

The Sub Registrar Office for Ssi Nagar Phase - I is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for property in Ssi Nagar Phase - I?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would have a guideline value of Rs 4,40,000, leading to a stamp duty of Rs 30,800 at 7%.