Guideline Value for SWATHI NAGAR

Swathi Nagar guideline value

The current guideline value of Swathi Nagar, located in Ikkadu village under the Tiruvallur Joint 1 SRO, is Rs 1,400 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class V Type - III land classification.

How the guideline value of Swathi Nagar has changed

The guideline value register for Swathi Nagar shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision recorded a guideline value of Rs 1,400 per sq.ft, which remained unchanged in the 2024 revision, also at Rs 1,400 per sq.ft. This indicates a 0% change between the 2023 and 2024 revisions.

Thus, the guideline value for Swathi Nagar has been consistent at Rs 1,400 per sq.ft since the 2023 revision, with no prior figures available for the earlier years mentioned.

Guideline values in Ikkadu

In Ikkadu village, there are 51 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,400 per sq.ft. Swathi Nagar's 2024 figure is above the median of Rs 400 per sq.ft for the area.

• Teachers Colony: Rs 500 per sq.ft (2024)
• Sundar Raj Nagar: Rs 200 per sq.ft (2024)
• Thendral Nagar-(929/1): Rs 100 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)
• Sri Sai Nagar: Rs 500 per sq.ft (2024)
• Thiruvallur- Red hills Raod: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Swathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total fees together to Rs 1,26,000. 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 Swathi Nagar?

The Sub Registrar Office that covers Swathi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ikkadu, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Proper understanding of these values helps in ensuring compliance with local regulations during property dealings.

Frequently asked questions

What is the current guideline value of Swathi Nagar?

The current guideline value of Swathi Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Swathi Nagar has been Rs 1,400 per sq.ft since the 2023 revision. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Swathi Nagar?

Swathi Nagar falls under the Residential Class V Type - III land classification.

How is the stamp duty calculated for property in Swathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 14,00,000, the stamp duty at 7% would be Rs 98,000.

Where is the Sub Registrar Office for Swathi Nagar located?

The Tiruvallur Joint 1 Sub Registrar Office is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone.