Guideline Value for Swami Vivekanandar Nagar

Swami Vivekanandar Nagar guideline value

The current guideline value of Swami Vivekanandar Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Thalimangalam village under the Chengleput Joint II SRO, classified as Residential Class I Type - II.

How the guideline value of Swami Vivekanandar Nagar has changed

In the 2012 revision, the guideline value was set at Rs 300 per sq.ft. This remained unchanged in the 2017 revision, which also recorded Rs 201 per sq.ft, marking a decrease of 33%. From 2017 to 2023, the value increased by 49%, bringing it back to Rs 300 per sq.ft. The 2024 revision has maintained this value at Rs 300 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Thalimangalam

In Thalimangalam village, there are nine streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, positioning Swami Vivekanandar Nagar below this median.

• Sundar Nagar: Rs 300 per sq.ft (2024)
• Sri Valli Nagar: Rs 500 per sq.ft (2024)
• Sabari Garden: Rs 400 per sq.ft (2024)
• Rajeswari Nagar: Rs 300 per sq.ft (2024)
• Murugan Avenue: Rs 500 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Swami Vivekanandar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 Swami Vivekanandar Nagar?

The Sub Registrar Office covering Swami Vivekanandar Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thalimangalam, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as per the established guidelines.

Frequently asked questions

What is the current guideline value of Swami Vivekanandar Nagar?

The current guideline value of Swami Vivekanandar Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a notable increase of 49% from 2017 to 2023. The value has not changed from 2023 to 2024.

What is the median guideline value for streets in Thalimangalam?

The median guideline value for streets in Thalimangalam is Rs 400 per sq.ft, with Swami Vivekanandar Nagar being below this median at Rs 300 per sq.ft.

What fees are associated with buying property in Swami Vivekanandar Nagar?

When buying property in Swami Vivekanandar Nagar, the buyer is required to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Swami Vivekanandar Nagar?

The Sub Registrar Office for Swami Vivekanandar Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.