Guideline Value for MOUNT SINAI

Mount Sinai guideline value

The current guideline value of Mount Sinai is Rs 469 per sq.ft, effective from 1 July 2024. This street is located in Pinchivakkam village under the Perambakkam Sub Registrar Office (SRO) and is classified as Mixed Type - I land.

How the guideline value of Mount Sinai has changed

In the 2017 revision, the guideline value was Rs 410 per sq.ft. This figure increased to Rs 469 per sq.ft in the 2023 revision and remained the same in the 2024 revision, showing a total increase of 14% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From the 2023 to 2024 revision, there was no change, maintaining the guideline value at Rs 469 per sq.ft. Overall, the increase from the 2017 revision to the 2024 revision is 14%.

Guideline values in Pinchivakkam

In Pinchivakkam village, there are 7 streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 270 to Rs 600 per sq.ft. The guideline value for Mount Sinai is equal to the median value of Rs 469 per sq.ft.

• Palani Nagar: Rs 600 per sq.ft (2024)
• Ellammal Nagar: Rs 270 per sq.ft (2024)
• Srinidhi Avenue: Rs 300 per sq.ft (2024)
• V.Nest: Rs 270 per sq.ft (2024)
• Srinivasa Avenue Part I: Rs 600 per sq.ft (2024)
• Srinivasa Avenue Part II: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Mount Sinai

For a 1,000 sq.ft plot at the current guideline value of Rs 469 per sq.ft, the total guideline value would be Rs 4,69,000. The stamp duty at 7% would be Rs 32,830, and the registration fee at 2% would be Rs 9,380, bringing the total fees to Rs 42,210. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Mount Sinai?

The Sub Registrar Office that covers Mount Sinai is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Pinchivakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. This ensures that all transactions are conducted fairly and transparently, based on the officially recognized value of the property.

Frequently asked questions

What is the current guideline value of Mount Sinai?

The current guideline value of Mount Sinai is Rs 469 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 410 per sq.ft in 2017 to Rs 469 per sq.ft in both 2023 and 2024, marking a total increase of 14% from 2017 to 2024.

What are the other streets in Pinchivakkam with their guideline values?

Other streets in Pinchivakkam include Palani Nagar at Rs 600 per sq.ft, Ellammal Nagar at Rs 270 per sq.ft, and Srinidhi Avenue at Rs 300 per sq.ft, among others.

Where is the Sub Registrar Office for Mount Sinai located?

The Sub Registrar Office for Mount Sinai is located at Jothi Ramalinga Nagar, near Post Office, Perambakkam, 631402, Chennai registration zone.

How is the stamp duty calculated for property in Mount Sinai?

Stamp duty for property in Mount Sinai is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 42,210.