Guideline Value for SANGEETHA NAGAR

Sangeetha Nagar guideline value

The current guideline value for Sangeetha Nagar, located in Uthukadu-B village, is Rs 350 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Class I Type - I land classification. The guideline value is set by the Walajabad SRO.

How the guideline value of Sangeetha Nagar has changed

The guideline value for Sangeetha Nagar has remained consistent at Rs 350 per sq.ft since the 2023 revision. Prior to that, there are no figures available for the revisions from 2017, 2012, 2007, 2003, and 2002 for this street.

From 2023 to 2024, there was no change in the guideline value, indicating stability at Rs 350 per sq.ft. The register does not provide any figures for the earlier revisions, confirming that the current value has not fluctuated over the past years.

Guideline values in Uthukadu-B

In Uthukadu-B, there are 33 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 200 to Rs 1,500 per sq.ft, with a median value of Rs 400 per sq.ft. Sangeetha Nagar's guideline value is below this median.

• Saraswathi Nagar: Rs 300 per sq.ft (2024)
• Saraswathi Nagar Phase -1: Rs 300 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 300 per sq.ft (2024)
• Spring Fields: Rs 300 per sq.ft (2024)
• Sri Aksaya Garden: Rs 400 per sq.ft (2024)
• Sri Balaji Avenue: Rs 771 per sq.ft (2024)

Stamp duty and registration fee for property in Sangeetha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 350 per sq.ft, the total guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, leading to a combined total of Rs 31,500. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers Sangeetha Nagar?

The Sub Registrar Office that covers Sangeetha Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Uthukadu-B

The guideline value plays a crucial role in the registration process when buying or selling property in Uthukadu-B. It serves as a basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. This ensures transparency and compliance with local regulations during the registration of the transaction.

Frequently asked questions

What is the current guideline value of Sangeetha Nagar?

The current guideline value of Sangeetha Nagar is Rs 350 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft since the 2023 revision, with no figures available for earlier revisions from 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Sangeetha Nagar?

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

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

For a 1,000 sq.ft plot, the total guideline value is Rs 3,50,000, resulting in a stamp duty of Rs 24,500 and a registration fee of Rs 7,000, totaling Rs 31,500.

Where is the Sub Registrar Office for Sangeetha Nagar located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.