Guideline Value for Sri Jayendira Saraswathi Suwamigal Nagar

Sri Jayendira Saraswathi Suwamigal Nagar guideline value

The current guideline value of Sri Jayendira Saraswathi Suwamigal Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village, under the jurisdiction of the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - I.

How the guideline value of Sri Jayendira Saraswathi Suwamigal Nagar has changed

Over the years, the guideline value of Sri Jayendira Saraswathi Suwamigal Nagar has seen several revisions. The 2007 revision set the value at Rs 750 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, before rising again to Rs 1,200 per sq.ft in both the 2023 and 2024 revisions, showing no change from 2023 to 2024.

From 2017 to 2023, there was a significant increase of 49%. The overall change from the 2007 revision to the current 2024 guideline value reflects a 60% increase. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,239 per sq.ft. The median value for these streets is Rs 802 per sq.ft, placing the Sri Jayendira Saraswathi Suwamigal Nagar's 2024 figure above that median.

• Sri Jayendira Saraswathi Suwamigal Nagar Extn: Rs 1,200 per sq.ft (2024)
• Sri Jakki Vasudev Nagar - II: Rs 1,000 per sq.ft (2024)
• Sri Jakki Vasudev Nagar: Rs 1,000 per sq.ft (2024)
• Sri Gomathi Nagar: Rs 800 per sq.ft (2024)
• Sri Lingam Nagar: Rs 700 per sq.ft (2024)
• Sri Lingam Nagar Extn: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Jayendira Saraswathi Suwamigal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Jayendira Saraswathi Suwamigal Nagar?

The Sri Jayendira Saraswathi Suwamigal Nagar falls under 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 Karanaipuducheri

The guideline value plays a crucial role during the registration of property transactions in Karanaipuducheri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of property transactions. This value is regularly updated, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Sri Jayendira Saraswathi Suwamigal Nagar?

The current guideline value of Sri Jayendira Saraswathi Suwamigal Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 1,200 per sq.ft, unchanged from 2023. The value increased from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What is the land classification for Sri Jayendira Saraswathi Suwamigal Nagar?

The land classification for Sri Jayendira Saraswathi Suwamigal Nagar is Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office covering Sri Jayendira Saraswathi Suwamigal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri - 603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 12,00,000, the stamp duty at 7% would amount to Rs 84,000.