Guideline Value for SANKAMAM LAYOUT

Sankamam Layout guideline value

The current guideline value of Sankamam Layout in Sholinganallur - 1 village, under the Neelankarai SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class II Type - II.

How the guideline value of Sankamam Layout has changed

In the 2023 revision, the guideline value was set at Rs 2,500 per sq.ft. This marked an increase of 12% to the current value of Rs 2,800 per sq.ft in the 2024 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

The guideline value has seen a significant increase from Rs 2,500 in 2023 to Rs 2,800 in 2024. The changes reflect a growing valuation in the area, as seen in the upward movement of the guideline value over this period.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value for this area is Rs 2,200 per sq.ft, positioning Sankamam Layout above this median.

• Samuthra Dwaraga Salai: Rs 3,300 per sq.ft (2024)
• Sampath Thottam: Rs 1,700 per sq.ft (2024)
• Santhosh Garden: Rs 3,300 per sq.ft (2024)
• Santhosh Garden, Vijaya Nagar, Sai Illam: Rs 3,300 per sq.ft (2024)
• Santhosh Nagar: Rs 3,300 per sq.ft (2024)
• S.A.Michealraj Thottam: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sankamam Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your property details.

Which Sub Registrar Office covers Sankamam Layout?

The Sankamam Layout falls under the Neelankarai Sub Registrar Office located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process of property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher amount is taken into account for calculating the stamp duty. This ensures that the government receives the appropriate revenue based on the current valuation of the property.

Frequently asked questions

What is the current guideline value of Sankamam Layout?

The current guideline value of Sankamam Layout is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,500 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, reflecting a 12% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Sankamam Layout?

Sankamam Layout is classified as Residential Class II Type - II. This classification affects the guideline value and the type of properties that can be developed in the area.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Sankamam Layout?

Stamp duty for properties in Sankamam Layout is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 28,00,000 would incur a stamp duty of Rs 1,96,000 at 7%.