Guideline Value for SWATHI NAGAR

Swathi Nagar guideline value

The current guideline value of Swathi Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Melakottyur village and falls under the Gooduvancheri SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Swathi Nagar has changed

In the 2017 revision, the guideline value was Rs 670 per sq.ft. This figure was revised to Rs 1,000 per sq.ft in 2023, marking an increase of 49%. The register does not have figures for the revisions in 2024, 2012, 2007, 2003, and 2002 for this street.

From 2017 to 2023, the guideline value saw a significant rise, reflecting changes in the valuation of properties in the area. The absence of figures for earlier revisions indicates that the current value is based on the most recent assessment.

Guideline values in Melakottyur

Currently, there are no specific village figures available for Melakottyur. Swathi Nagar is one of the streets in this village, and there are no other streets in Melakottyur under the Gooduvancheri SRO provided in the data.

Stamp duty and registration fee for property in Swathi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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?

The Sub Registrar Office that covers Swathi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Melakottyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, which can affect the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Swathi Nagar?

The current guideline value of Swathi Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 670 per sq.ft to Rs 1,000 per sq.ft, representing a change of 49%.

Are there any guideline value figures for 2024?

No, the register does not have a guideline value figure for Swathi Nagar for the year 2024.

What is the registration fee for property in Swathi Nagar?

The registration fee for property in Swathi Nagar is calculated at 2% of the guideline value. For a property valued at Rs 10,00,000, the registration fee would be Rs 20,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.