Guideline Value for SSS NAGAR

Sss Nagar guideline value

The current guideline value of Sss Nagar in Avaloor village is Rs 180 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad Sub Registrar Office and is classified as Residential Special Type - IV.

How the guideline value of Sss Nagar has changed

The guideline value for Sss Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the guideline value at Rs 180 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 120 per sq.ft, marking a 50% increase from 2017 to 2023 and an overall increase of 50% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The absence of data for these years indicates that the guideline value was not established for Sss Nagar during those revisions.

Guideline values in Avaloor

Avaloor village has 13 streets under the Walajabad SRO with a 2024 guideline value range from Rs 100 to Rs 450 per sq.ft. The median guideline value in this area is Rs 200 per sq.ft, placing Sss Nagar's current value below that median.

• S.S Nagar: Rs 200 per sq.ft (2024)
• Sri Sudharshana Garden: Rs 150 per sq.ft (2024)
• Sudharson Garden: Rs 200 per sq.ft (2024)
• Sri Balaganapathy Garden: Rs 300 per sq.ft (2024)
• R.V.Nagar: Rs 150 per sq.ft (2024)
• Raghavan Naicker Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sss Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 180 per sq.ft, the total guideline value amounts to Rs 1,80,000. The stamp duty at 7% would be Rs 12,600, and the registration fee at 2% would be Rs 3,600, making the total charges Rs 16,200. 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 Sss Nagar?

Sss Nagar is covered by the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Avaloor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sss Nagar?

The current guideline value of Sss Nagar is Rs 180 per sq.ft, effective from 1 July 2024.

How has the guideline value of Sss Nagar changed over the years?

The guideline value has remained at Rs 180 per sq.ft from 2023 to 2024, while it increased from Rs 120 per sq.ft in 2017 to Rs 180 per sq.ft in 2023, marking a 50% rise.

What is the land classification for Sss Nagar?

Sss Nagar is classified as Residential Special Type - IV, indicating its designation for residential use within the locality.

Where can I find the Walajabad Sub Registrar Office?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sss Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 1,80,000 would incur a stamp duty of Rs 12,600 at 7%.