Guideline Value for Shalini Nagar

Shalini Nagar guideline value

The current guideline value of Shalini Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Adhanoor village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Shalini Nagar has changed

The guideline value for Shalini Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a significant rise of 400%. However, it dropped to Rs 670 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 670 per sq.ft until the 2023 revision, which maintained the same figure, and then it was revised again to Rs 1,000 per sq.ft in 2024, showing no change from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, the guideline value has increased by 400% from the 2007 revision to the current 2024 figure.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value is Rs 1,000 per sq.ft, which is the same as the guideline value for Shalini Nagar.

• Shanmuga Nagar: Rs 1,250 per sq.ft (2024)
• Senthil Nagar: Rs 1,000 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 1,000 per sq.ft (2024)
• Shri Pangajapuram: Rs 1,000 per sq.ft (2024)
• Shri Ram Nagar Part-I,II: Rs 1,000 per sq.ft (2024)
• Simruthi Nagar Extn: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Shalini Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be 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, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shalini Nagar?

The Sub Registrar Office that covers Shalini Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions 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, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Understanding these values can help in better planning and budgeting for property purchases in Adhanoor.

Frequently asked questions

What is the current guideline value of Shalini Nagar?

The current guideline value of Shalini Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 1,000 per sq.ft. The value was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012, showing significant fluctuations over the years.

What is the land classification of Shalini Nagar?

Shalini Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes within the locality.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is stamp duty calculated for property in Shalini Nagar?

Stamp duty for property in Shalini Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%.