Guideline Value for SWAMI SADANANDA NAGAR

Swami Sadananda Nagar guideline value

The current guideline value of Swami Sadananda Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Edayanchavadi village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Swami Sadananda Nagar has changed

The guideline value for Swami Sadananda Nagar has seen significant changes over the years. In 2017, the guideline value was Rs 335 per sq.ft. This figure increased to Rs 1,000 per sq.ft in 2023, marking a 199% increase. The current guideline value for 2024 stands at Rs 1,001 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 199%.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,100 per sq.ft, with a median value of Rs 1,001 per sq.ft. Swami Sadananda Nagar's 2024 figure is equal to this median.

• Thirumurugan Nagar: Rs 1,001 per sq.ft (2024)
• Sri Ponniyamman Nagar: Rs 1,001 per sq.ft (2024)
• Tulasi Nagar: Rs 1,001 per sq.ft (2024)
• Unnamalai Nagar: Rs 1,001 per sq.ft (2024)
• Vetri Nagar: Rs 1,001 per sq.ft (2024)
• Sangeetha Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Swami Sadananda Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total to Rs 90,090. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Swami Sadananda Nagar?

The Sub Registrar Office that covers Swami Sadananda Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

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

When buyers and sellers engage in a transaction, the guideline value ensures that the property is valued appropriately for taxation purposes. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Swami Sadananda Nagar?

The current guideline value of Swami Sadananda Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 1,001 per sq.ft in 2024, reflecting a 199% increase overall.

What is the land classification for Swami Sadananda Nagar?

Swami Sadananda Nagar is classified as Residential Class I Type - I.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Swami Sadananda Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 70,070.