Guideline Value for Swagatham Nagar

Swagatham Nagar guideline value

The current guideline value of Swagatham Nagar, located in Veeraragavapuram village under the Kunrathur SRO, is Rs 990 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Swagatham Nagar has changed

The guideline value for Swagatham Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 900 per sq.ft in 2012. However, it saw a decrease to Rs 603 per sq.ft in 2017. The value then rose to Rs 900 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 990 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 10% rise. Overall, from 2007 to 2024, the guideline value has increased by 98%.

Guideline values in Veeraragavapuram

In Veeraragavapuram, there are 10 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 770 to Rs 2,790 per sq.ft. The median value is Rs 990 per sq.ft, which is equal to the guideline value of Swagatham Nagar.

• Sri Gayathri Co-Operative Mega Nagar: Rs 990 per sq.ft (2024)
• Vibha: Rs 2,790 per sq.ft (2024)
• Pilliyar Koil Street: Rs 990 per sq.ft (2024)
• Park street: Rs 770 per sq.ft (2024)
• Bharathi Nagar: Rs 990 per sq.ft (2024)
• Avadi Main Road: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Swagatham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800. The total cost for these fees would be Rs 89,100. It's important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Swagatham Nagar?

The Sub Registrar Office that covers Swagatham Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Veeraragavapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property sale or purchase.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded accurately at the registration office, reflecting the official value of the property as determined by the local authorities.

Frequently asked questions

What is the current guideline value of Swagatham Nagar?

The current guideline value of Swagatham Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 500 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 98% since 2007.

What is the land classification for Swagatham Nagar?

Swagatham Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes.

How much would the stamp duty be for a property in Swagatham Nagar?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300, and the registration fee would be Rs 19,800, totaling Rs 89,100.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it handles registrations for Swagatham Nagar.