Guideline Value for Shanthi Nagar

Shanthi Nagar guideline value

The current guideline value of Shanthi Nagar, located in Unamancheri village under the Gooduvancheri SRO, is Rs 900 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - II.

How the guideline value of Shanthi Nagar has changed

The guideline value of Shanthi Nagar has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 150 per sq.ft. This figure increased significantly in the 2012 revision to Rs 900 per sq.ft, marking a 500% rise. However, by the 2017 revision, the value decreased to Rs 603 per sq.ft, a drop of 33% from the previous figure. The most recent 2023 revision saw a return to Rs 900 per sq.ft, representing a 49% increase from the 2017 value.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 500%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Unamancheri

Currently, there are no specific village figures available for Unamancheri. Shanthi Nagar is one of the streets under the Gooduvancheri SRO. The following are the other streets in Unamancheri:

Stamp duty and registration fee for property in Shanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 900 per sq.ft, the total guideline value would be Rs 9,00,000. The stamp duty at 7% would amount to Rs 63,000, and the registration fee at 2% would be Rs 18,000, bringing the total to Rs 81,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Shanthi Nagar?

The Sub Registrar Office that covers Shanthi 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 details.

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

The guideline value is a crucial factor in property transactions in Unamancheri. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. The guideline value helps ensure that the transaction is recorded at a fair price, reflecting the current market conditions.

When registering a property, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Shanthi Nagar?

The current guideline value of Shanthi Nagar is Rs 900 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 900 per sq.ft in 2012, then decreased to Rs 603 per sq.ft in 2017, and returned to Rs 900 per sq.ft in 2023.

What is the land classification for Shanthi Nagar?

The land classification for Shanthi Nagar is Residential Special Type - II.

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 properties in Shanthi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 63,000.