Guideline Value for Sri Swamynathan Nagar

Sri Swamynathan Nagar guideline value

The current guideline value of Sri Swamynathan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Adhanoor village under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Swamynathan Nagar has changed

Over the years, the guideline value of Sri Swamynathan Nagar has seen several revisions. The 2007 revision set the value at Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2012 revision. However, this value decreased to Rs 670 per sq.ft in the 2017 revision, before rising again to Rs 1,000 per sq.ft in both the 2023 and 2024 revisions. It is important to note that the register has no figure for this street for the years 2002 and 2003.

From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 670 to Rs 3,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, making the 2024 figure for Sri Swamynathan Nagar equal to this median.

• Sri Vasudev Nagar: Rs 1,000 per sq.ft (2024)
• Sri Vasudev Nagar Extn: Rs 1,000 per sq.ft (2024)
• Sri Vel Nnagar: Rs 1,000 per sq.ft (2024)
• Sri Sathyasai Nagar: Rs 670 per sq.ft (2024)
• Sri Sairam Nagar: Rs 1,000 per sq.ft (2024)
• Subash Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Swamynathan 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, making the total Rs 90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Swamynathan Nagar?

The Gooduvancheri Sub Registrar Office covers Sri Swamynathan Nagar. The office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Adhanoor. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum price at which the property can be registered. This ensures transparency and helps maintain a standard for property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Swamynathan Nagar?

The current guideline value of Sri Swamynathan Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions showing a value of Rs 1,000 per sq.ft in both 2023 and 2024. The value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in the subsequent revisions.

What is the land classification for Sri Swamynathan Nagar?

Sri Swamynathan Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Gooduvancheri Sub Registrar Office?

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 in Sri Swamynathan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000, leading to a stamp duty of Rs 70,000.