Guideline Value for SSS NAGAR

Sss Nagar guideline value

The current guideline value of Sss Nagar, located in Vallapakkam village under the Walajabad SRO, is Rs 300 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sss Nagar has changed

Over the years, the guideline value for Sss Nagar has remained stable. The register shows no figures for the revisions in 2002, 2003, 2007, 2012, and 2017. The 2023 revision also recorded a guideline value of Rs 300 per sq.ft, which has not changed in the 2024 revision.

From the 2023 to the 2024 revision, there has been a change of +0%. Thus, the guideline value for Sss Nagar has remained consistent at Rs 300 per sq.ft since the 2023 revision.

Guideline values in Vallapakkam

In Vallapakkam, seven streets under the Walajabad SRO have a 2024 guideline value ranging from Rs 300 to Rs 400 per sq.ft, with a median of Rs 300 per sq.ft. The guideline value for Sss Nagar is equal to this median.

• Thirumalai Nagar: Rs 400 per sq.ft (2024)
• Sri Abirami Nagar: Rs 300 per sq.ft (2024)
• Shree Vari Nagar: Rs 300 per sq.ft (2024)
• M.G Nagar: Rs 400 per sq.ft (2024)
• King Makers: Rs 300 per sq.ft (2024)
• Golden Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sss Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Sss Nagar?

The Sss Nagar area 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 Vallapakkam

The guideline value is a crucial factor in the registration process of property transactions in Vallapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions as set by the Registration Department. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Sss Nagar?

The current guideline value of Sss Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sss Nagar has remained stable at Rs 300 per sq.ft since the 2023 revision. There are no figures available for the revisions from 2002 to 2017.

What is the land classification for Sss Nagar?

Sss Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

How is stamp duty calculated for properties in Sss Nagar?

Stamp duty for properties in Sss Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 27,000 in fees.

Where can I find the Sub Registrar Office for Sss Nagar?

The Sub Registrar Office covering Sss Nagar is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information about it online.