Guideline Value for Swarna Bhoomi

Swarna Bhoomi guideline value

The current guideline value of Swarna Bhoomi, located in Vattampakkam village under the Sunguvarchattram SRO, is Rs 448 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Swarna Bhoomi has changed

The guideline value for Swarna Bhoomi has remained at Rs 448 per sq.ft from the 2023 revision to the 2024 revision, reflecting no change. In contrast, the value increased from Rs 300 per sq.ft in the 2012 and 2017 revisions to Rs 448 per sq.ft in 2023, marking a 49% increase over that period.

For the 2012 revision, the guideline value was Rs 300 per sq.ft, which remained unchanged until the 2017 revision. The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 49%.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,790 per sq.ft. The median value is Rs 250 per sq.ft, and Swarna Bhoomi's value of Rs 448 per sq.ft is above this median.

• Thulukanathamman Kovil Streer (colony): Rs 200 per sq.ft (2024)
• Sri Lakshmi Narayanan Nagar: Rs 500 per sq.ft (2024)
• Sri KamatchiAmman Nagar: Rs 250 per sq.ft (2024)
• Sri Devi Nagar: Rs 300 per sq.ft (2024)
• Sri Avenue: Rs 448 per sq.ft (2024)
• Shri Sheshadri Brindhavanam Phase I: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Swarna Bhoomi

For a 1,000 sq.ft plot at the current guideline value of Rs 448 per sq.ft, the total guideline value amounts to Rs 4,48,000. The stamp duty at 7% would be Rs 31,360, and the registration fee at 2% would be Rs 8,960, totaling Rs 40,320. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Swarna Bhoomi?

The Sub Registrar Office covering Swarna Bhoomi is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Vattampakkam. It determines the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction. This value serves as a reference point for the official documentation required during the registration process.

Frequently asked questions

What is the current guideline value of Swarna Bhoomi?

The current guideline value of Swarna Bhoomi is Rs 448 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 448 per sq.ft from 2023 to 2024. It increased from Rs 300 per sq.ft in 2012 and 2017 to Rs 448 per sq.ft in 2023, marking a 49% increase over that period.

What are the guideline values of other streets in Vattampakkam?

Other streets in Vattampakkam have varying guideline values, with rates ranging from Rs 200 to Rs 1,790 per sq.ft. Swarna Bhoomi's value is above the median of Rs 250 per sq.ft for the area.

What are the fees associated with buying property in Swarna Bhoomi?

When buying property in Swarna Bhoomi, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 40,320.

Where can I find the Sub Registrar Office for Swarna Bhoomi?

The Sub Registrar Office for Swarna Bhoomi is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details by visiting the relevant link.