Guideline Value for SWAMY NAGAR (KR)

Swamy Nagar (Kr) guideline value

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

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

The guideline value for Swamy Nagar (Kr) has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. This marked a significant decline of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it to Rs 600 per sq.ft. The most recent revision in 2024 has further raised the guideline value to Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 990 per sq.ft. The guideline value of Rs 660 per sq.ft for Swamy Nagar (Kr) is 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 guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees to Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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, 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 Panangottur

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the transaction.

When a property is registered, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications of their transaction. This helps maintain transparency and consistency in real estate dealings.

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 back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

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

Swamy Nagar (Kr) falls under the Residential Class I Type - III land classification.

What are the other streets in Panangottur with their guideline values?

Other streets in Panangottur include Surendrapuram (N) at Rs 660 per sq.ft, Sundarar Street (Ward -6) and Thaiyumanavar Street (Ward -5) at Rs 1,320 per sq.ft, and Thalamuthu Natarajan Salai (Ward -8) at Rs 1,760 per sq.ft.

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

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