Guideline Value for Swarnapuri Nagar

Swarnapuri Nagar guideline value

The current guideline value of Swarnapuri Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This locality is situated in Kattupakkam village, under the jurisdiction of the Kunrathur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Swarnapuri Nagar has changed

The guideline value for Swarnapuri Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 113 per sq.ft, which increased to Rs 600 per sq.ft in 2007. Following this, there was a substantial rise to Rs 3,200 per sq.ft in 2012. However, the value dropped to Rs 2,144 per sq.ft in 2017. The 2023 revision set the value at Rs 3,200 per sq.ft, which was then raised to Rs 3,520 per sq.ft in the 2024 revision, marking a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 3015%. The register has no figure for the year 2002 for this street.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Swarnapuri Nagar's 2024 figure above this median.

• Sun Garden: Rs 3,520 per sq.ft (2024)
• Sri P.G. Avenue: Rs 1,980 per sq.ft (2024)
• Sri Nagar: Rs 2,090 per sq.ft (2024)
• Sri Devi Nagar: Rs 2,090 per sq.ft (2024)
• Sri Arul Avenue: Rs 2,090 per sq.ft (2024)
• Senthurpuram Extension II: Rs 3,960 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 3,520 per sq.ft, the guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, totaling Rs 3,16,800. It is important to note that the 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 Swarnapuri Nagar?

The Sub Registrar Office that covers Swarnapuri Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Kattupakkam. It serves as a benchmark for determining the minimum value at which property transactions can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties in the transaction are aware of the financial obligations associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Swarnapuri Nagar?

The current guideline value of Swarnapuri Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 113 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, showing a significant increase over the years.

What is the land classification for Swarnapuri Nagar?

The land classification for Swarnapuri Nagar is Residential Special Type - I.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. It is responsible for property registrations in the area.

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, a property valued at Rs 35,20,000 would incur a stamp duty of Rs 2,46,400 at 7%.