Guideline Value for SANGEETHA NAGAR

Sangeetha Nagar guideline value

The current guideline value of Sangeetha Nagar, located in Edayanchavadi village under the Thiruvottiyur SRO, is Rs 1,001 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Sangeetha Nagar has changed

The guideline value for Sangeetha Nagar has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 335 per sq.ft. It increased to Rs 1,000 per sq.ft in the 2023 revision, marking a substantial rise of 199%. The latest revision in 2024 has set the value at Rs 1,001 per sq.ft, which reflects no change from the previous year.

Notably, there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 199%.

Guideline values in Edayanchavadi

In Edayanchavadi, there are 23 streets under the Thiruvottiyur SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 1,100 per sq.ft. The median value for these streets is Rs 1,001 per sq.ft, which is equal to the guideline value of Sangeetha Nagar.

• Rajarajeswari Nagar: Rs 1,001 per sq.ft (2024)
• Prem Nagar: Rs 1,001 per sq.ft (2024)
• Sri Ponniyamman Nagar: Rs 1,001 per sq.ft (2024)
• Ponneri High Road: Rs 1,002 per sq.ft (2024)
• Perumal Koil Street: Rs 1,001 per sq.ft (2024)
• Swami Sadananda Nagar: Rs 1,001 per sq.ft (2024)

Stamp duty and registration fee for property in Sangeetha Nagar

For a 1,000 sq.ft plot in Sangeetha Nagar at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, bringing the total charges to Rs 90,090. It is important to note that the 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 Sangeetha Nagar?

The Sangeetha Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Edayanchavadi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the actual sale price, whichever is higher, to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sangeetha Nagar?

The current guideline value of Sangeetha Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 199%, from Rs 335 per sq.ft to Rs 1,001 per sq.ft in 2024.

What are the other streets in Edayanchavadi with similar guideline values?

Other streets in Edayanchavadi with a guideline value of Rs 1,001 per sq.ft include Rajarajeswari Nagar, Prem Nagar, Sri Ponniyamman Nagar, Perumal Koil Street, and Swami Sadananda Nagar.

How is stamp duty calculated in Sangeetha Nagar?

Stamp duty in Sangeetha Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is charged on the same basis.

Which office handles property registrations in Sangeetha Nagar?

The Thiruvottiyur Sub Registrar Office handles property registrations in Sangeetha Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.