Guideline Value

Corporate

Guideline Value for SAMMANDHAM NAGAR

₹1000/sq.ft.

The guideline value for Sammandham Nagar in Sirukalathur village (Kunrathur SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. It was Rs 896 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sirukalathur

Village

Kunrathur

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹896 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹600 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Sammandham Nagar guideline value

The current guideline value of Sammandham Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Sirukalathur village under the Kunrathur SRO, classified as Residential Special Type - IV.

How the guideline value of Sammandham Nagar has changed

The guideline value for Sammandham Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 600 per sq.ft. In 2023, this increased to Rs 896 per sq.ft, marking a significant increase of 49%. The most recent revision in 2024 raised the guideline value to Rs 1,000 per sq.ft, reflecting a 12% increase from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 67%, highlighting the changes in property valuation in this area over the years.

Guideline values in Sirukalathur

In Sirukalathur, there are 32 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 450 to Rs 2,970 per sq.ft. The median guideline value for these streets is Rs 550 per sq.ft, and Sammandham Nagar's current value of Rs 1,000 per sq.ft is above this median.

Stamp duty and registration fee for property in Sammandham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. 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 Sammandham Nagar?

The Sub Registrar Office covering Sammandham Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Sirukalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements during property transactions.

When a property is registered, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher amount between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sammandham Nagar?

The current guideline value of Sammandham Nagar is Rs 1,000 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 2017 to Rs 896 per sq.ft in 2023, and then to Rs 1,000 per sq.ft in 2024. This reflects an overall increase of 67% from 2017 to 2024.

What are the other streets in Sirukalathur with their guideline values?

Other streets in Sirukalathur include Saraswathi Nagar at Rs 550 per sq.ft, Shanthi Nagar Extn I & II at Rs 550 per sq.ft, Smart City at Rs 650 per sq.ft, Sri Badmavathi Nagar at Rs 1,000 per sq.ft, and Sri Ranganathan Avenue and Sri Ranganathan Nagar both at Rs 550 per sq.ft.

What are the stamp duty and registration fees for a property in Sammandham Nagar?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sammandham Nagar?

The Kunrathur Sub Registrar Office covers Sammandham Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.