Guideline Value for SWAMIDASS NAGAR (CHEN)

Swamidass Nagar (Chen) guideline value

The current guideline value of Swamidass Nagar (Chen) is Rs 770 per sq.ft, effective from 1 July 2024. This area is located in Sengundram - 1 village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Swamidass Nagar (Chen) has changed

The guideline value for Swamidass Nagar (Chen) has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in 2023, and further to Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%. 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 Sengundram - 1

Sengundram - 1 village has 126 streets under the Chengleput Joint II SRO, with a 2024 guideline value ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Swamidass Nagar (Chen) below this median.

• Surithi Garden: Rs 1,320 per sq.ft (2024)
• Tank Street (Chen): Rs 660 per sq.ft (2024)
• Sun City: Rs 1,320 per sq.ft (2024)
• Thatchab Avenue (Chen): Rs 770 per sq.ft (2024)
• Thilakar Street (Chen): Rs 660 per sq.ft (2024)
• Thilakar V O C Nagar (Chen): Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Swamidass Nagar (Chen)

For a 1,000 sq.ft plot at the current rate of Rs 770 per sq.ft, the guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, totaling Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Swamidass Nagar (Chen)?

The Sub Registrar Office covering Swamidass Nagar (Chen) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value is a crucial factor in property transactions within Sengundram - 1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements and to calculate applicable duties and fees.

When a property is sold, the guideline value is used to assess the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher. This ensures that all transactions are recorded accurately and transparently.

Frequently asked questions

What is the current guideline value of Swamidass Nagar (Chen)?

The current guideline value of Swamidass Nagar (Chen) is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024. The overall change from 2012 to 2024 is an increase of 10%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900 and the registration fee would be Rs 15,400, totaling Rs 69,300. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Swamidass Nagar (Chen)?

The Chengleput Joint II Sub Registrar Office handles property registrations in Swamidass Nagar (Chen). It is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the land classification for Swamidass Nagar (Chen)?

Swamidass Nagar (Chen) is classified as Residential Class I Type - II, indicating its suitability for residential development.