Guideline Value for Siddarth Nagar

Siddarth Nagar guideline value

The current guideline value of Siddarth Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area falls under Rathinamangalam village and is governed by the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Siddarth Nagar has changed

The guideline value for Siddarth Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 160 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 1,000 per sq.ft, marking a 525% increase from the previous revision. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, which was a drop of 33% from 2012. The most recent 2023 revision has restored the guideline value back to Rs 1,000 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street. Overall, from 2007 to 2023, the guideline value has increased by 525%.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Siddarth Nagar is one of the streets under the Gooduvancheri SRO, and there are no other streets in Rathinamangalam listed with guideline values.

Stamp duty and registration fee for property in Siddarth Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to 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 to Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Siddarth Nagar?

The Sub Registrar Office that covers Siddarth Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Rathinamangalam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Siddarth Nagar?

The current guideline value of Siddarth Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 160 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

What is the land classification for Siddarth Nagar?

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

Where is the Gooduvancheri SRO located?

The Gooduvancheri SRO is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone.

How are stamp duty and registration fees calculated in Siddarth Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total cost would be Rs 90,000.