Guideline Value for Swami Nagar

Swami Nagar guideline value

The current guideline value of Swami Nagar is Rs 1,500 per sq.ft. This area is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - II.

How the guideline value of Swami Nagar has changed

Over the years, the guideline value of Swami Nagar has seen several revisions. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, in the 2017 revision, the value dropped to Rs 1,005 per sq.ft, before rising again to Rs 1,500 per sq.ft in the 2023 revision. Notably, there are no figures available for the years 2002, 2003, and 2024 for this street.

When examining the changes between revisions, the value increased by 275% from the 2007 revision to the 2012 revision. However, from 2012 to 2017, there was a decrease of 33%. The most recent increase from 2017 to 2023 was 49%, resulting in an overall increase of 275% from 2007 to 2023.

Guideline values in Urapakkam

Currently, there are no village figures provided for Urapakkam. Swami Nagar is a specific area within Urapakkam, and there are no other streets listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Swami Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Swami Nagar?

The Sub Registrar Office that covers Swami Nagar is the Gooduvancheri Sub Registrar Office, 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 Urapakkam

The guideline value is a crucial factor during the registration of property transactions in Urapakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is sold, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is in line with the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of Swami Nagar?

The current guideline value of Swami Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the registration fee for property in Swami Nagar?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 15,00,000, the registration fee would be Rs 30,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for the year 2024?

No, the register does not have a guideline value figure for the year 2024 for Swami Nagar.