Guideline Value for SANKARAN (THOTTAM GARDEN

Sankaran (Thottam Garden guideline value

The current guideline value for Sankaran (Thottam Garden) is Rs 1,700 per sq.ft, effective from 1 July 2024. This property is located in Uthandi village under the Neelankarai SRO, classified as Residential Class II Type - II.

How the guideline value of Sankaran (Thottam Garden has changed

The guideline value for Sankaran (Thottam Garden) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, which is an increase of 13% from the 2023 revision of Rs 1,500 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,005 per sq.ft, marking a significant increase of 49% from that year to 2023. The 2012 revision also noted a value of Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 13%. The register has no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Uthandi

In Uthandi village, there are 197 streets under the Neelankarai SRO with a guideline value for 2024 ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, which is the same as the current value for Sankaran (Thottam Garden).

• Sangothaiamman Koil West Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil South Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil North Street: Rs 2,200 per sq.ft (2024)
• Sangothaiamman Koil East Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sankaran (Thottam Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total cost for these fees Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sankaran (Thottam Garden?

The Sub Registrar Office that covers Sankaran (Thottam Garden) is 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 further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Uthandi. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that these costs are calculated based on the official valuation of the property.

When a property is registered, the guideline value serves as a benchmark for the transaction, which helps in standardizing the fees across various properties in the area. Buyers and sellers should be aware of the guideline value to accurately estimate the costs involved in the property transaction.

Frequently asked questions

What is the current guideline value for Sankaran (Thottam Garden)?

The current guideline value for Sankaran (Thottam Garden) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, which is a 13% increase. It also increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, marking a 49% increase.

What are the registration fees for a property in Sankaran (Thottam Garden)?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000 at 7%, and the registration fee would be Rs 34,000 at 2%, totaling Rs 1,53,000.

Which office handles the registration for Sankaran (Thottam Garden)?

The Neelankarai Sub Registrar Office handles the registration for Sankaran (Thottam Garden), located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for Sankaran (Thottam Garden)?

Sankaran (Thottam Garden) is classified as Residential Class II Type - II, indicating its designation for residential use within the area.