Guideline Value for SSM NAGAR

Ssm Nagar guideline value

The current guideline value of Ssm Nagar in Nedunkumdram village is Rs 1,210 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Ssm Nagar has changed

The guideline value for Ssm Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,100 per sq.ft, which was then reduced to Rs 737 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 1,100 per sq.ft in the 2023 revision, and further increased to Rs 1,210 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nedunkumdram

Nedunkumdram village has a total of 75 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 330 to Rs 5,300 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Ssm Nagar's 2024 figure below that median.

• Sri Sai Avenue: Rs 3,300 per sq.ft (2024)
• Square Deck Layout: Rs 2,200 per sq.ft (2024)
• S & P Signature Villas: Rs 1,650 per sq.ft (2024)
• Sbjh Garden: Rs 1,980 per sq.ft (2024)
• Saraswathi Nagar Extension: Rs 1,430 per sq.ft (2024)
• Saraswathi Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Ssm Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, making the total charges Rs 1,08,900. 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 Ssm Nagar?

The Sub Registrar Office that covers Ssm Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Nedunkumdram. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial implications of their transactions.

When buying or selling property, the guideline value helps establish a baseline for the transaction price. This ensures that the property is registered at a value that reflects its market standing, as determined by the local government.

Frequently asked questions

What is the current guideline value of Ssm Nagar?

The current guideline value of Ssm Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Ssm Nagar?

For a 1,000 sq.ft plot, the stamp duty is Rs 84,700, and the registration fee is Rs 24,200, totaling Rs 1,08,900 based on the current guideline value.

Which office handles property registrations for Ssm Nagar?

The Tambaram Joint 1 Sub Registrar Office handles property registrations for Ssm Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the guideline value determined for properties in Nedunkumdram?

The guideline value is determined by the local government and reflects the value of properties in the area. It is used to calculate the stamp duty and registration fees during property transactions.