Guideline Value for SWAMY VIVEKANADA NAGAR

Swamy Vivekanada Nagar guideline value

The current guideline value of Swamy Vivekanada Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Uppunelvoyal village and is classified as Residential Class II Type - I. The relevant Sub Registrar Office for this location is the Ponneri SRO.

How the guideline value of Swamy Vivekanada Nagar has changed

The guideline value for Swamy Vivekanada Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 100 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 67 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value, reflecting the same rate of Rs 100 per sq.ft in both the 2023 and 2024 revisions.

Guideline values in Uppunelvoyal

Currently, the guideline value for Swamy Vivekanada Nagar is Rs 100 per sq.ft. Other streets in Uppunelvoyal under the Ponneri SRO include:

• Swamy Vivekanandha Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Swamy Vivekanada Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty charged at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total to Rs 9,000. It is important to note that 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 Vivekanada Nagar?

The Sub Registrar Office that covers Swamy Vivekanada Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Uppunelvoyal. It is used to calculate the stamp duty and registration fees that are applicable during the registration process. Buyers and sellers must refer to the guideline value to determine the financial obligations related to property transactions.

When a property is registered, 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 transaction is aligned with the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Swamy Vivekanada Nagar?

The current guideline value of Swamy Vivekanada Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What is the role of the Ponneri SRO?

The Ponneri SRO is responsible for the registration of properties in the area, including Swamy Vivekanada Nagar. It is where all property transactions are officially recorded.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 1,00,000.

Are there any revisions with no figures for Swamy Vivekanada Nagar?

Yes, the register has no figures for the years 2002, 2003, 2007, and 2012 for Swamy Vivekanada Nagar.