Guideline Value for SWAMY NAGAR (KR)

Swamy Nagar (Kr) guideline value

The current guideline value of Swamy Nagar (Kr) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor 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

Over the years, the guideline value of Swamy Nagar (Kr) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 600 per sq.ft, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 661 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a modest increase of 10%.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, indicating that the guideline value for Swamy Nagar (Kr) is below this median.

• Surendrapuram (N): Rs 661 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 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty, calculated at 7%, would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total fees together to Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, 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 more information.

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

The guideline value is a crucial factor when buying or selling property in Peramanoor. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware that the guideline value is often considered the minimum value for property transactions.

When a property is registered, the guideline value will be used to calculate the applicable duties and fees, ensuring that both parties are aware of the financial implications involved in the transaction. This value helps maintain transparency in property dealings within the region.

Frequently asked questions

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

The current guideline value of Swamy Nagar (Kr) is Rs 661 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 661 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 suitability for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

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

Stamp duty for property in Swamy Nagar (Kr) is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.