Guideline Value for SWATHI NAGAR PHASE II

Swathi Nagar Phase II guideline value

The current guideline value of Swathi Nagar Phase II is Rs 600 per sq.ft, effective from 1 July 2024. This property is located in Sokandi village, under the Sunguvarchattram SRO, and is classified as Mixed Special Type - I.

How the guideline value of Swathi Nagar Phase II has changed

In the 2017 revision, the guideline value was set at Rs 402 per sq.ft. This value remained unchanged at Rs 600 per sq.ft in the 2023 revision, and again in the 2024 revision, showing a 49% increase from 2017 to 2023 and a 49% increase overall from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 600 per sq.ft. The consistency in the guideline value from 2023 to 2024 indicates stability in this period.

Guideline values in Sokandi

In Sokandi village, there are 35 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 1,000 per sq.ft, with a median value of Rs 300 per sq.ft. Swathi Nagar Phase II's guideline value of Rs 600 per sq.ft is above this median.

• Swathi nagar phase - III: Rs 612 per sq.ft (2024)
• Swathi Nagar: Rs 450 per sq.ft (2024)
• Swathy Nagar Phase -V: Rs 450 per sq.ft (2024)
• Thangam Avenue: Rs 450 per sq.ft (2024)
• Thiruvallur Road(Selvapuram to Ponniamman Kovil): Rs 450 per sq.ft (2024)
• Sri devi teak garden: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Swathi Nagar Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total cost for these fees Rs 54,000. 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 Swathi Nagar Phase II?

The Sub Registrar Office that covers Swathi Nagar Phase II is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Sokandi, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating the sale price, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling a property in Sokandi, it is crucial to be aware of the guideline value to ensure compliance with legal requirements. This value serves as a benchmark for assessing the property's worth in the eyes of the Registration Department.

Frequently asked questions

What is the current guideline value of Swathi Nagar Phase II?

The current guideline value of Swathi Nagar Phase II is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since the 2023 revision, showing a 49% increase from Rs 402 per sq.ft in 2017. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification of Swathi Nagar Phase II?

Swathi Nagar Phase II is classified as Mixed Special Type - I, which indicates its zoning and usage regulations.

What are the other streets in Sokandi and their guideline values?

Other streets in Sokandi include Swathi nagar phase - III at Rs 612 per sq.ft, Swathi Nagar at Rs 450 per sq.ft, and several others, with values ranging from Rs 250 to Rs 612 per sq.ft.

Where can I find the Sub Registrar Office for Swathi Nagar Phase II?

The Sub Registrar Office for Swathi Nagar Phase II is located at Vadivamal Nagar Kandigai Road, Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.