Guideline Value for SAGUNTHAPURAM (N)

Sagunthapuram (N) guideline value

The current guideline value of Sagunthapuram (N) is Rs 661 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village, under the Chengleput Joint II SRO, and is 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 recorded a value of Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and finally to Rs 661 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 figure to the current 2024 value, there has been a 10% increase. It is important to note that there are no guideline value figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Sagunthapuram (N) below this 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 661 per sq.ft (2024)
• Rukumani Nagar (N): Rs 661 per sq.ft (2024)
• Roshan Babu Nagar (Ward -19): Rs 661 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 661 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 661 per sq.ft, the guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, bringing the total to Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value and the sale price. 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, under the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Peramanoor. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is essential for calculating the stamp duty and registration fees, which are based on the higher of the guideline value or the sale price. This ensures transparency in property transactions and helps maintain a standard valuation across the region.

Frequently asked questions

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

The current guideline value of Sagunthapuram (N) is Rs 661 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 661 per sq.ft in 2024.

What is the land classification for Sagunthapuram (N)?

Sagunthapuram (N) is classified as Residential Class I Type - III, indicating its suitability for residential development.

What is the registration office for Sagunthapuram (N)?

The registration office for Sagunthapuram (N) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is the stamp duty calculated for properties in Sagunthapuram (N)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 6,61,000 would incur a stamp duty of Rs 46,270.