Guideline Value for Swaminathan Nagar

Swaminathan Nagar guideline value

The current guideline value of Swaminathan Nagar is Rs 1,200 per sq.ft, as per the 2023 revision. This area falls under the Gooduvancheri Sub Registrar Office (SRO) in the Chengalpattu zone and is classified as Residential Class I Type - I.

How the guideline value of Swaminathan Nagar has changed

The guideline value for Swaminathan Nagar has seen several revisions over the years. In 2007, the value was Rs 550 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking an increase of 118%. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, a decrease of 33%. The most recent revision in 2023 brought the guideline value back up to Rs 1,200 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 118%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific village figures available for Vandalur. Swaminathan Nagar is one of the streets under the jurisdiction of the Gooduvancheri SRO.

Stamp duty and registration fee for property in Swaminathan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost for these fees to Rs 1,08,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Swaminathan Nagar?

The Swaminathan Nagar area is covered by 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 Vandalur

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

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to assess the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the value of the transaction.

Frequently asked questions

What is the current guideline value of Swaminathan Nagar?

The current guideline value of Swaminathan Nagar is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and finally returned to Rs 1,200 per sq.ft in 2023.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000 for these fees.

Which Sub Registrar Office covers Swaminathan Nagar?

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

Are there any other streets in Vandalur with guideline values?

Currently, there are no other streets in Vandalur listed with guideline values under the Gooduvancheri SRO.