Guideline Value for SAGUNTHAPURAM (N)

Sagunthapuram (N) guideline value

The current guideline value for Sagunthapuram (N) in Panangottur village is Rs 660 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Class I Type - III.

How the guideline value of Sagunthapuram (N) has changed

The guideline value for Sagunthapuram (N) has seen several revisions over the years. In 2012, the value was set at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in 2017. Following this, the value increased significantly to Rs 600 per sq.ft in 2023, and most recently, it has risen to Rs 660 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a guideline value for 2024 ranging from Rs 440 to Rs 2,200 per sq.ft. The median value across these streets is Rs 990 per sq.ft, placing Sagunthapuram (N) below that median.

• Sadasivam Salai (Ward -2): Rs 1,320 per sq.ft (2024)
• Sadasivam Salai (Ward -18): Rs 1,320 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 Panangottur

The guideline value is a crucial factor when registering property transactions in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on an official valuation rather than the sale price alone.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are prepared for the associated fees based on this value to avoid any surprises during 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 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Sagunthapuram (N)?

Sagunthapuram (N) is classified as Residential Class I Type - III.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft at Rs 660 per sq.ft, the total fees would be Rs 59,400.

Which Sub Registrar Office covers Sagunthapuram (N)?

The Chengleput Joint II Sub Registrar Office covers Sagunthapuram (N), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.