Guideline Value for SAMBANTHAM NAGAR

Sambantham Nagar guideline value

The current guideline value of Sambantham Nagar is Rs 234 per sq.ft, effective from 1 July 2024. This area is located in Kadambattur village under the Perambakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Sambantham Nagar has changed

The guideline value for Sambantham Nagar has remained consistent across several revisions. The 2017 revision recorded a guideline value of Rs 234 per sq.ft, which was maintained in the 2023 revision, and again in the latest 2024 revision.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Overall, from 2017 to 2024, the guideline value has not changed, remaining at Rs 234 per sq.ft throughout this period.

Guideline values in Kadambattur

In Kadambattur, five streets under the Perambakkam SRO have a 2024 guideline value ranging from Rs 201 to Rs 500 per sq.ft, with a median of Rs 234 per sq.ft. Sambantham Nagar's guideline value is equal to this median.

• S.K.Nagar: Rs 234 per sq.ft (2024)
• Vignesh Nagar: Rs 234 per sq.ft (2024)
• M.S.Nagar: Rs 500 per sq.ft (2024)
• வசந்தம் நகர்: Rs 201 per sq.ft (2024)

Stamp duty and registration fee for property in Sambantham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 234 per sq.ft, the total guideline value amounts to Rs 2,34,000. The stamp duty at 7% would be Rs 16,380, and the registration fee at 2% would be Rs 4,680, making the total cost for these fees Rs 21,060. 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 Sambantham Nagar?

The Sub Registrar Office that covers Sambantham Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO online.

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

The guideline value is an important factor in property transactions in Kadambattur, as it helps determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations and to calculate the total costs involved in the transaction.

When registering a property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This means that the stamp duty and registration fees will be calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sambantham Nagar?

The current guideline value of Sambantham Nagar is Rs 234 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 234 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012.

What are the guideline values of other streets in Kadambattur?

Other streets in Kadambattur have guideline values ranging from Rs 201 to Rs 500 per sq.ft. Sambantham Nagar's value of Rs 234 per sq.ft is equal to the median value of the area.

What fees are associated with purchasing property in Sambantham Nagar?

When purchasing property in Sambantham Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total fee of Rs 21,060 based on the current guideline value.

Where can I find the Sub Registrar Office for Sambantham Nagar?

The Sub Registrar Office for Sambantham Nagar is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find more information online.