Guideline Value for Swaminathan Nagar (All Streets )

Swaminathan Nagar (All Streets ) guideline value

The current guideline value of Swaminathan Nagar (All Streets) is Rs 1,870 per sq.ft, as per the 2024 revision effective from 1 July 2024. This area is located in Pammal village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Swaminathan Nagar (All Streets ) has changed

The guideline value for Swaminathan Nagar has seen significant changes over the years. In 2002, the guideline value was Rs 158 per sq.ft, which increased to Rs 179 per sq.ft in 2003, marking a 13% rise. By 2007, the value had jumped to Rs 310 per sq.ft, reflecting a 73% increase from the previous revision. The 2017 revision recorded a further increase to Rs 1,139 per sq.ft, which is a substantial 267% rise from 2007. The most recent revision in 2024 set the guideline value at Rs 1,870 per sq.ft, representing a 64% increase from 2017. Notably, the register has no figures for the years 2012 and 2023.

Overall, from 2002 to 2024, the guideline value has increased by 1084%, showcasing a remarkable change in the valuation of properties in this area over the years.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value for Swaminathan Nagar (All Streets) is below this median.

• Swami Vivekanadar Street: Rs 1,760 per sq.ft (2024)
• Suryamman Koil Street: Rs 1,760 per sq.ft (2024)
• Surikulum: Rs 1,760 per sq.ft (2024)
• T.Durairaj Street, Gandhi Nagar Extn: Rs 2,475 per sq.ft (2024)
• Teacher Chinnaswamy Street, Sambandhanar Nagar: Rs 1,980 per sq.ft (2024)
• Teacher Samuel Street, Pammal: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Swaminathan Nagar (All Streets )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value would be Rs 18,70,000. The stamp duty at 7% would amount to Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total fees together to Rs 1,68,300. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Swaminathan Nagar (All Streets )?

The Sub Registrar Office that covers Swaminathan Nagar (All Streets) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Pammal, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees that are payable during 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 in the area.

Frequently asked questions

What is the current guideline value of Swaminathan Nagar (All Streets)?

The current guideline value of Swaminathan Nagar (All Streets) is Rs 1,870 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 158 per sq.ft in 2002 to Rs 1,870 per sq.ft in 2024, marking an overall increase of 1084%.

What are the stamp duty and registration fees for properties in Swaminathan Nagar?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900, and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Which Sub Registrar Office covers Swaminathan Nagar?

The Pammal Sub Registrar Office covers Swaminathan Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets in Pammal with different guideline values?

Yes, there are other streets in Pammal with varying guideline values, ranging from Rs 880 to Rs 3,300 per sq.ft, with the median being Rs 2,090 per sq.ft.