Guideline Value for S.Sambantham Nagar Extension

S.Sambantham Nagar Extension guideline value

The current guideline value of S.Sambantham Nagar Extension is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Vellathur village and falls under the Ramakrishna Rajupettai SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of S.Sambantham Nagar Extension has changed

The guideline value register shows no figures for the years 2002, 2003, 2007, 2012, and 2017 for S.Sambantham Nagar Extension. In the 2023 revision, the guideline value was Rs 150 per sq.ft, which remains unchanged in the 2024 revision.

From the 2023 to 2024 revision, there has been a change of +0%, maintaining the guideline value at Rs 150 per sq.ft.

Guideline values in Vellathur

In Vellathur, there are four streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 225 per sq.ft, with a median of Rs 188 per sq.ft. S.Sambantham Nagar Extension's 2024 figure is below this median.

• S.Sambantham Nagar: Rs 150 per sq.ft (2024)
• Green Villa Phase I: Rs 225 per sq.ft (2024)
• Green Villa Phase II: Rs 225 per sq.ft (2024)

Stamp duty and registration fee for property in S.Sambantham Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 S.Sambantham Nagar Extension?

The Sub Registrar Office that covers S.Sambantham Nagar Extension is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vellathur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on a standardized value.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of S.Sambantham Nagar Extension?

The current guideline value of S.Sambantham Nagar Extension is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures for S.Sambantham Nagar Extension in the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 150 per sq.ft in both the 2023 and 2024 revisions, with no change between these years.

What is the land classification for S.Sambantham Nagar Extension?

The land classification for S.Sambantham Nagar Extension is Residential Special Type - II. This classification is essential for understanding the permissible uses of the land.

What are the stamp duty and registration fees for properties in S.Sambantham Nagar Extension?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500, and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for S.Sambantham Nagar Extension?

The Ramakrishna Rajupettai Sub Registrar Office handles property registrations for S.Sambantham Nagar Extension. It is located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.