Guideline Value for Shanthi Nagar

Shanthi Nagar guideline value

The current guideline value of Shanthi Nagar is Rs 800 per sq.ft. This area is located in Vengadamangalam village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - II.

How the guideline value of Shanthi Nagar has changed

Over the years, the guideline value of Shanthi Nagar has seen several revisions. The earliest recorded value was Rs 320 per sq.ft in 2007, which increased significantly to Rs 800 per sq.ft in 2012, marking a 150% rise. However, this value remained unchanged in the 2012 revision and saw a decrease to Rs 536 per sq.ft in 2017, a drop of 33% from the previous revision. The latest revision in 2023 has set the guideline value back to Rs 800 per sq.ft, reflecting a 49% increase from the 2017 figure.

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

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Shanthi Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Vengadamangalam listed with guideline values.

Stamp duty and registration fee for property in Shanthi Nagar

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, bringing the total fees together to Rs 72,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, 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 information.

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

When buying or selling property in Vengadamangalam, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is used as a reference point for calculating these fees, ensuring that the transaction is recorded accurately in the official register.

It is important for buyers and sellers to be aware of the current guideline value, as this will affect the overall cost of the transaction. Accurate knowledge of these values helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Shanthi Nagar?

The current guideline value of Shanthi Nagar 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 from Rs 320 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and finally returned to Rs 800 per sq.ft in 2023.

What is the registration office for Shanthi Nagar?

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

How is stamp duty calculated for property in Shanthi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the stamp duty would be Rs 56,000.

Are there any other streets in Vengadamangalam with guideline values?

Currently, there are no other streets in Vengadamangalam listed with guideline values. Shanthi Nagar is the only street mentioned under the Gooduvancheri SRO.