Guideline Value for SWATHY NAGAR PHASE -V

Swathy Nagar Phase -V guideline value

The current guideline value for Swathy Nagar Phase -V is Rs 450 per sq.ft, effective from 1 July 2024. This area is located in Sokandi village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Swathy Nagar Phase -V has changed

According to the guideline value register, there have been no figures for Swathy Nagar Phase -V in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 450 per sq.ft, which was also the figure for the 2024 revision, resulting in no percentage change between 2023 and 2024.

Thus, the only available figures for this street are from the 2023 and 2024 revisions, both set at Rs 450 per sq.ft. This consistency indicates stability in the guideline value for Swathy Nagar Phase -V over the past two years.

Guideline values in Sokandi

Sokandi village has a total of 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. The guideline value for Swathy Nagar Phase -V is above this median.

• Swathi nagar phase - III: Rs 612 per sq.ft (2024)
• Swathi Nagar Phase II: Rs 600 per sq.ft (2024)
• Swathi Nagar: 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 Swathy Nagar Phase -V

For a 1,000 sq.ft plot at the current rate of Rs 450 per sq.ft, the guideline value would be Rs 4,50,000. The stamp duty at 7% would amount to Rs 31,500, and the registration fee at 2% would be Rs 9,000, totaling Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations based on your specific property details.

Which Sub Registrar Office covers Swathy Nagar Phase -V?

The Sub Registrar Office that covers Swathy Nagar Phase -V 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 a crucial factor when it comes to the registration of properties in Sokandi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate applicable duties and fees, ensuring compliance with local regulations and proper documentation during the transaction process.

Frequently asked questions

What is the current guideline value for Swathy Nagar Phase -V?

The current guideline value for Swathy Nagar Phase -V is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures for Swathy Nagar Phase -V in the years 2002, 2003, 2007, 2012, and 2017. The guideline value has remained at Rs 450 per sq.ft for both the 2023 and 2024 revisions.

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

Other streets in Sokandi include Swathi nagar phase - III at Rs 612 per sq.ft, Swathi Nagar Phase II at Rs 600 per sq.ft, and several others with varying rates. The values range from Rs 250 to Rs 1,000 per sq.ft.

How is the stamp duty calculated for properties in Swathy Nagar Phase -V?

Stamp duty for properties in Swathy Nagar Phase -V is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 4,50,000 incurs a stamp duty of Rs 31,500 at 7%.

Where can I find the Sub Registrar Office for Swathy Nagar Phase -V?

The Sub Registrar Office for Swathy Nagar Phase -V is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details through the provided link.