Guideline Value for Shanthi Nagar Extn

Shanthi Nagar Extn guideline value

The current guideline value of Shanthi Nagar Extn is Rs 800 per sq.ft, as per the 2023 revision. This area falls under Vengadamangalam village and is registered with the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Shanthi Nagar Extn has changed

Over the years, the guideline value of Shanthi Nagar Extn has seen several revisions. The 2007 revision set the value at Rs 320 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a 150% rise. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a drop of 33%. The most recent revision in 2023 saw the guideline value rise again to Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 150%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Shanthi Nagar Extn is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Shanthi Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000. Together, these fees total Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Shanthi Nagar Extn?

The Sub Registrar Office that covers Shanthi Nagar Extn 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 details.

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

The guideline value plays a crucial role in property transactions in Vengadamangalam. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties adhere to the legal requirements set by the state.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall costs associated with property registration. The guideline value serves as a benchmark for the value of the property, influencing the financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Shanthi Nagar Extn?

The current guideline value of Shanthi Nagar Extn is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 320 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreasing to Rs 536 per sq.ft in 2017, and rising again to Rs 800 per sq.ft in 2023.

What is the land classification for Shanthi Nagar Extn?

The land classification for Shanthi Nagar Extn is Residential Special Type - II, indicating its designated use for residential purposes.

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.

How is stamp duty calculated for properties in Shanthi Nagar Extn?

Stamp duty for properties in Shanthi Nagar Extn is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 56,000 at a rate of 7%.