Guideline Value for Swarnapuri Nagar

Swarnapuri Nagar guideline value

The current guideline value of Swarnapuri Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Ist Division village under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

How the guideline value of Swarnapuri Nagar has changed

The guideline value for Swarnapuri Nagar has seen several revisions over the years. Starting from the 2007 revision, the value was set at Rs 250 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, marking a 220% rise. However, in the 2017 revision, the value decreased to Rs 536 per sq.ft, a reduction of 33%. By 2023, the value had risen again to Rs 800 per sq.ft, and the most recent revision in 2024 set it at Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the increase was substantial at 49%. Overall, from 2007 to 2024, the guideline value has increased by 252%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ist Division

In the Ist Division village, there are 79 streets under the Kanchipuram Joint IV SRO with a 2024 guideline value ranging from Rs 800 to Rs 3,300 per sq.ft. The median value is Rs 880 per sq.ft, making Swarnapuri Nagar's 2024 figure equal to this median.

• Sunnambukara Street: Rs 1,650 per sq.ft (2024)
• Suklapalayam Street @ V.N.Perumal Naidu Street: Rs 1,430 per sq.ft (2024)
• Suklapalayam Govindan Street: Rs 1,100 per sq.ft (2024)
• Sudharsan Nagar Extension: Rs 880 per sq.ft (2024)
• Sudharsan Nagar: Rs 800 per sq.ft (2024)
• Sudarsan Nagar: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Swarnapuri Nagar

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Swarnapuri Nagar?

Swarnapuri Nagar falls under the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Ist Division. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures that both parties are aware of the official valuation during the transaction process.

Frequently asked questions

What is the current guideline value of Swarnapuri Nagar?

The current guideline value of Swarnapuri Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 252% over the years.

What is the registration office for Swarnapuri Nagar?

The registration office for Swarnapuri Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is stamp duty calculated in Swarnapuri Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 880 per sq.ft, the stamp duty would be Rs 61,600.

What are the other streets in Ist Division with guideline values?

Other streets in Ist Division include Sunnambukara Street, Suklapalayam Street @ V.N.Perumal Naidu Street, Suklapalayam Govindan Street, Sudharsan Nagar Extension, and Sudharsan Nagar, each with their respective guideline values for 2024.