Guideline Value for Swathi Priya Nagar

Swathi Priya Nagar guideline value

The current guideline value of Swathi Priya Nagar is Rs 1,000 per sq.ft, as per the 2023 revision. This area is located in Urapakkam village and falls under the Gooduvancheri SRO, classified as Residential Class II Type - I.

How the guideline value of Swathi Priya Nagar has changed

The guideline value of Swathi Priya Nagar has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 400 per sq.ft. This value increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a 150% increase. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The most recent revision in 2023 set the guideline value back to Rs 1,000 per sq.ft, resulting in a 49% increase from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 150%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures provided for Urapakkam. Swathi Priya Nagar is one of the streets under the Gooduvancheri SRO, but no other streets in Urapakkam have been specified.

Stamp duty and registration fee for property in Swathi Priya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty is charged at 7%, which totals Rs 70,000, and the registration fee is charged at 2%, amounting to Rs 20,000. Together, the total fees come to Rs 90,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Swathi Priya Nagar?

The Sub Registrar Office that covers Swathi Priya Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of properties in Urapakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is officially recorded and that the appropriate taxes are collected.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The guideline value serves as a benchmark for property transactions, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Swathi Priya Nagar?

The current guideline value of Swathi Priya Nagar is Rs 1,000 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and finally returned to Rs 1,000 per sq.ft in 2023.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 10,00,000, the total fees would amount to Rs 90,000.

Which Sub Registrar Office covers Swathi Priya Nagar?

The Gooduvancheri Sub Registrar Office covers Swathi Priya Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Urapakkam with guideline values?

No specific other streets in Urapakkam have been provided with guideline values in the current information.