Guideline Value for SAMBANGI ST

Sambangi St guideline value

The current guideline value of Sambangi St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Sambangi St has changed

The guideline value for Sambangi St has undergone several revisions over the years. The 2012 revision set the value at Rs 850 per sq.ft, which was then decreased to Rs 569 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 850 per sq.ft, and the latest revision in 2024 has raised it to Rs 935 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, 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 Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the current guideline value of Sambangi St.

• Samiyar St: Rs 810 per sq.ft (2024)
• Sanjai Nagar (Or) Sanjeevi Nagar @ Siranjeevi Naga: Rs 800 per sq.ft (2024)
• Sadiq Basha Street: Rs 935 per sq.ft (2024)
• Saraswathi St: Rs 810 per sq.ft (2024)
• R.R. Nagar: Rs 1,470 per sq.ft (2024)
• Roja St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Sambangi St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, resulting in a total of Rs 84,150. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sambangi St?

The Sub Registrar Office that covers Sambangi St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property. This value is essential for calculating the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Sambangi St?

The current guideline value of Sambangi St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions: Rs 850 per sq.ft in 2012, Rs 569 per sq.ft in 2017, Rs 850 per sq.ft in 2023, and Rs 935 per sq.ft in 2024.

What is the land classification of Sambangi St?

Sambangi St is classified as Residential Class II Type - II under the Avadi SRO.

How is stamp duty calculated for properties in Sambangi St?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 65,450.

Where can I find the Sub Registrar Office for Sambangi St?

The Avadi Sub Registrar Office covers Sambangi St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.