Guideline Value for Swetha Nagar

Swetha Nagar guideline value

The current guideline value of Swetha Nagar, located in Kuthanoor village under the Gooduvancheri SRO, is Rs 705 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Swetha Nagar has changed

Over the years, the guideline value of Swetha Nagar has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 469 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 700 per sq.ft, representing a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 705 per sq.ft, a 1% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 figure to the 2024 figure shows a minimal increase of 1%.

Guideline values in Kuthanoor

In Kuthanoor, there are 30 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft, with a median value of Rs 800 per sq.ft. Swetha Nagar's 2024 guideline value of Rs 705 per sq.ft is below this median.

• Subramanyam Nagar: Rs 705 per sq.ft (2024)
• Sri Karumari Amman Nagar: Rs 1,800 per sq.ft (2024)
• Sri Devi Karumariamman Nagar-II: Rs 550 per sq.ft (2024)
• Sri Devi Karumariamman Nagar: Rs 550 per sq.ft (2024)
• Vetrivel Nagar: Rs 1,493 per sq.ft (2024)
• Senthil Nagar Extn: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Swetha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 705 per sq.ft, the total guideline value amounts to Rs 7,05,000. The stamp duty at 7% would be Rs 49,350, and the registration fee at 2% would be Rs 14,100, bringing the total cost for these fees to Rs 63,450. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Swetha Nagar?

The Sub Registrar Office that covers Swetha Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling property in Kuthanoor, the guideline value is used to calculate the stamp duty and registration fees that must be paid at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Ensuring that the transaction is compliant with the guideline value helps in avoiding any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Swetha Nagar?

The current guideline value of Swetha Nagar is Rs 705 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 per sq.ft in 2023, and finally to Rs 705 per sq.ft in 2024.

What is the land classification for Swetha Nagar?

The land classification for Swetha Nagar is Residential Class II Type - II.

Where can I find the Gooduvancheri Sub Registrar Office?

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

How is stamp duty calculated for property in Swetha 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 the current rate, the total guideline value is Rs 7,05,000, leading to a stamp duty of Rs 49,350.