Guideline Value for SWAMY NAGAR (KR)

Swamy Nagar (Kr) guideline value

The current guideline value of Swamy Nagar (Kr) in Sattamangalam village is Rs 660 per sq.ft, effective from the 2024 revision. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

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 guideline value was set at Rs 600 per sq.ft. This value decreased to Rs 402 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 600 per sq.ft. The most recent revision in 2024 established the guideline value at 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 Sattamangalam

In Sattamangalam, there are a total of 425 streets under the Chengleput Joint II SRO with a guideline value for 2024 ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, which means that Swamy Nagar (Kr) is currently below this median value.

• 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, while the registration fee at 2% would be Rs 13,200. Together, the total fees would amount to Rs 59,400. It is essential 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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Sattamangalam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with registration requirements.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

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 the 2024 revision.

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 of Swamy Nagar (Kr)?

Swamy Nagar (Kr) is classified as Residential Class I Type - III under the Chengleput Joint II SRO.

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, Chengalpattu registration zone.

How is stamp duty calculated in Sattamangalam?

Stamp duty in Sattamangalam is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.