Guideline Value for SWAMY NAGAR (KR)

Swamy Nagar (Kr) guideline value

The current guideline value for Swamy Nagar (Kr) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Swamy Nagar (Kr) has changed

The guideline value for Swamy Nagar (Kr) has undergone several revisions over the years. In 2012, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 402 per sq.ft. However, in 2023, the value increased significantly to Rs 600 per sq.ft, and in the latest revision for 2024, it rose again to Rs 660 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

Between the revisions, the changes were notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value saw a substantial increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 10%.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing the 2024 figure for Swamy Nagar (Kr) below this median.

• Surendrapuram (N): Rs 660 per sq.ft (2024)
• Sundarar Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Thaiyumanavar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Thalamuthu Natarajan Salai (Ward -8): Rs 1,760 per sq.ft (2024)
• Thaniskeyar (Per): Rs 1,320 per sq.ft (2024)
• Thembavani Street (N): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Swamy Nagar (Kr)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty is charged at 7%, which totals Rs 46,200, while the registration fee at 2% amounts to Rs 13,200. Together, these fees total Rs 59,400. It is important to note that the 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 Swamy Nagar (Kr)?

The Sub Registrar Office that covers Swamy Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kattankollatur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price of the property, which ensures that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value of Swamy Nagar (Kr)?

The current guideline value of Swamy Nagar (Kr) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Swamy Nagar (Kr)?

The land classification for Swamy Nagar (Kr) is Residential Class I Type - III, indicating its designated use for residential purposes.

Where can I find the Sub Registrar Office for Swamy Nagar (Kr)?

The Sub Registrar Office for Swamy Nagar (Kr) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for property in Swamy Nagar (Kr)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.