Guideline Value for S.Sambantham Nagar

S.Sambantham Nagar guideline value

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

How the guideline value of S.Sambantham Nagar has changed

In the 2023 revision, the guideline value for S.Sambantham Nagar was Rs 150 per sq.ft. The 2024 revision also set the guideline value at Rs 150 per sq.ft, indicating no change from the previous year. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Guideline values in Vellathur

In Vellathur, four streets under the Ramakrishna Rajupettai SRO have a 2024 guideline value ranging from Rs 150 to Rs 225 per sq.ft, with a median of Rs 188 per sq.ft. The guideline value of S.Sambantham Nagar is below this median.

• S.Sambantham Nagar Extension: 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

For a 1,000 sq.ft plot at the current rate, the guideline value is 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?

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

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

The guideline value is an important factor when registering property transactions in Vellathur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When you buy or sell property, the guideline value helps determine the minimum value at which a property can be registered. This prevents undervaluation and ensures transparency in property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

From the 2023 revision to the 2024 revision, the guideline value remained at Rs 150 per sq.ft. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the guideline values of other streets in Vellathur?

In Vellathur, other streets have varying guideline values from Rs 150 to Rs 225 per sq.ft. S.Sambantham Nagar's value is below the median of Rs 188 per sq.ft for the area.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 1,50,000, the total fees would amount to Rs 13,500.

Which office handles registrations for S.Sambantham Nagar?

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