Guideline Value for SAGUNTHAPURAM (N)

Sagunthapuram (N) guideline value

The current guideline value of Sagunthapuram (N) is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Ninna Karai village, under the Chengleput Joint II SRO, classified as Residential Class I Type - III.

How the guideline value of Sagunthapuram (N) has changed

Over the years, the guideline value for Sagunthapuram (N) has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which then changed to Rs 402 per sq.ft in 2017, reflecting a decrease of 33%. The value increased significantly to Rs 600 per sq.ft in 2023, and further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, resulting in an overall increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Sagunthapuram (N) below that median.

• Sadasivam Salai (Ward -2): Rs 1,321 per sq.ft (2024)
• Sadasivam Salai (Ward -18): Rs 1,321 per sq.ft (2024)
• Sabathi Nagar (Per): Rs 440 per sq.ft (2024)
• Rukumani Nagar (N): Rs 660 per sq.ft (2024)
• Roshan Babu Nagar (Ward -19): Rs 660 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sagunthapuram (N)

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. 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 Sagunthapuram (N)?

The Sub Registrar Office that covers Sagunthapuram (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees applicable to a property, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both buyers and sellers understand the minimum value that will be considered for taxation purposes. This ensures transparency and fairness in the registration process.

Frequently asked questions

What is the current guideline value of Sagunthapuram (N)?

The current guideline value of Sagunthapuram (N) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 660 per sq.ft in 2024, with several revisions in between, including a decrease in 2017 and increases in 2023 and 2024.

What is the land classification of Sagunthapuram (N)?

Sagunthapuram (N) is classified as Residential Class I Type - III, which indicates its designation for residential use.

What are the stamp duty and registration fees for properties in Sagunthapuram (N)?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2% of the guideline value. For example, a property valued at Rs 6,60,000 would incur a total fee of Rs 59,400.

Where is the Sub Registrar Office for Sagunthapuram (N) located?

The Sub Registrar Office for Sagunthapuram (N) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under the Chengalpattu registration zone.