Guideline Value for SANGATHAMIZH NAGAR

Sangathamizh Nagar guideline value

The current guideline value of Sangathamizh Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under Sirupazhaverkadu village and is classified as Residential Class II Type - I. The relevant Sub Registrar Office for this locality is the Ponneri SRO.

How the guideline value of Sangathamizh Nagar has changed

In the 2017 revision, the guideline value was set at Rs 67 per sq.ft. This figure remained unchanged until the 2023 revision, where it was also Rs 100 per sq.ft. The most recent 2024 revision has also maintained the guideline value at Rs 100 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. For the years 2002, 2003, 2007, and 2012, the register has no figure for this street.

Guideline values in Sirupazhaverkadu

Currently, there are no specific guideline values provided for other streets in Sirupazhaverkadu. Sangathamizh Nagar is one of the streets under the Ponneri SRO.

Stamp duty and registration fee for property in Sangathamizh Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sangathamizh Nagar?

The Sub Registrar Office that covers Sangathamizh Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Sirupazhaverkadu. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer must ensure that the sale price meets or exceeds the guideline value. This ensures that the transaction is compliant with local regulations and that the correct fees are paid at the time of registration.

Frequently asked questions

What is the current guideline value of Sangathamizh Nagar?

The current guideline value of Sangathamizh Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, remaining at Rs 100 per sq.ft in both the 2023 and 2024 revisions.

What is the classification of land in Sangathamizh Nagar?

Sangathamizh Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Sangathamizh Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 at 7%.