Guideline Value for swathi Nagar

swathi Nagar guideline value

The current guideline value of swathi Nagar, located in Thirupanthiyoor village under the Sunguvarchattram SRO, is Rs 450 per sq.ft, effective from 1 July 2024. This land is classified as Residential Special Type - I.

How the guideline value of swathi Nagar has changed

The guideline value for swathi Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 450 per sq.ft, unchanged from the 2023 revision. Prior to that, in 2017, the guideline value was Rs 301 per sq.ft, reflecting a 50% increase from the 2017 figure to the 2023 figure. The 2012 revision also recorded a value of Rs 450 per sq.ft, which represents a decrease of 33% from the previous 2017 value.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained stable at Rs 450 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for swathi Nagar is above this median.

• Swathi Nagar IV: Rs 612 per sq.ft (2024)
• Susaiyapparpuram: Rs 200 per sq.ft (2024)
• Susaiappar Street: Rs 200 per sq.ft (2024)
• Thirumanikuppam Salai: Rs 200 per sq.ft (2024)
• Thiruvallur Main Road(From PetrolBank To Anthoniyarpuram): Rs 450 per sq.ft (2024)
• Thomaiyar street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in swathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, totaling Rs 40,500 for these charges. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers swathi Nagar?

The Sub Registrar Office that covers swathi Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Thirupanthiyoor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the buying or selling process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of swathi Nagar?

The current guideline value of swathi Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 450 per sq.ft from 2012 to 2024, with a previous increase from Rs 301 per sq.ft in 2017 to Rs 450 per sq.ft in 2023.

What is the land classification for swathi Nagar?

swathi Nagar is classified as Residential Special Type - I.

Where is the Sub Registrar Office for swathi Nagar located?

The Sub Registrar Office for swathi Nagar is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in swathi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 450 per sq.ft would incur a stamp duty of Rs 31,500.