Guideline Value for Swamy Nagar

Swamy Nagar guideline value

The current guideline value of Swamy Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Swamy Nagar has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision, which marked a -33% change. The value then saw a significant increase to Rs 1,500 per sq.ft in the 2023 revision, and further increased to Rs 1,600 per sq.ft in the 2024 revision, reflecting a +7% change. The register has no figure for the years 2002, 2003, and 2007 for this street.

From 2012 to 2024, the overall change in the guideline value is +7%. The increase from 2017 to 2023 was +49%, indicating a substantial rise in value during that period.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO, with 2024 guideline values ranging from Rs 1,200 to Rs 3,800 per sq.ft. The median guideline value for the village is Rs 1,900 per sq.ft, placing Swamy Nagar's 2024 figure below this median.

• Sutha Nagar: Rs 1,900 per sq.ft (2024)
• Subramani Nagar Extn: Rs 1,900 per sq.ft (2024)
• Subramani Nagar Anex: Rs 1,900 per sq.ft (2024)
• Subramani Nagar: Rs 1,900 per sq.ft (2024)
• Thangavel Nagar: Rs 1,900 per sq.ft (2024)
• Subash Nagar Extention: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Swamy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total cost for these fees to Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Swamy Nagar?

Swamy Nagar falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process of property transactions in Puthagaram. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is sold, the guideline value serves as a benchmark for the transaction value, ensuring that the fees are calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Swamy Nagar?

The current guideline value of Swamy Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification of Swamy Nagar?

Swamy Nagar is classified as Residential Class II Type - I.

What are the stamp duty and registration fees in Swamy Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 1,44,000.

Which office handles the registration for Swamy Nagar?

The Ambattur Sub Registrar Office handles the registration for Swamy Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.