Guideline Value for SWOMIYAM NAGAR

Swomiyam Nagar guideline value

The current guideline value of Swomiyam Nagar is Rs 201 per sq.ft, effective from 1 July 2024. This area is located in Arayapakkam village under the Madurandakam SRO, classified as Mixed Type - II.

How the guideline value of Swomiyam Nagar has changed

The guideline value for Swomiyam Nagar has remained stable at Rs 201 per sq.ft since the 2023 revision, with no increase or decrease noted between 2023 and 2024. Prior to this, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002.

The 2024 revision marks the same value as the previous year, indicating a consistent valuation for this street. The absence of figures in earlier revisions suggests that the guideline value for Swomiyam Nagar has not been recorded in those years.

Guideline values in Arayapakkam

In Arayapakkam, there are 15 streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 120 to Rs 400 per sq.ft. The median value for these streets is Rs 203 per sq.ft, positioning Swomiyam Nagar's 2024 figure below this median.

• Sri Vari Avenue: Rs 300 per sq.ft (2024)
• Sri Sairam Nagar: Rs 120 per sq.ft (2024)
• Sri Patchaiyammal Nagar: Rs 175 per sq.ft (2024)
• Sri Krishna Nagar: Rs 203 per sq.ft (2024)
• Royal City Phase - II Ext: Rs 250 per sq.ft (2024)
• Royal City Phase - I Ext: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Swomiyam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 201 per sq.ft, the total guideline value would be Rs 2,01,000. The stamp duty at 7% would amount to Rs 14,070, and the registration fee at 2% would be Rs 4,020, bringing the total fees together to Rs 18,090. 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 Swomiyam Nagar?

The Sub Registrar Office covering Swomiyam Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Arayapakkam. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair valuation. This process helps maintain transparency in property dealings and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Swomiyam Nagar?

The current guideline value of Swomiyam Nagar is Rs 201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Swomiyam Nagar has remained unchanged at Rs 201 per sq.ft from 2023 to 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values for other streets in Arayapakkam?

Other streets in Arayapakkam have varying guideline values ranging from Rs 120 to Rs 400 per sq.ft. The median value for these streets is Rs 203 per sq.ft.

How is stamp duty calculated for properties in Swomiyam Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,01,000 would incur a stamp duty of Rs 14,070 at 7%.

Where can I find the Sub Registrar Office for Swomiyam Nagar?

The Sub Registrar Office for Swomiyam Nagar is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.