Guideline Value for SANKARANDAS STREET (WARD -7)

Sankarandas Street (Ward -7) guideline value

The current guideline value of Sankarandas Street (Ward -7) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Special Type - V.

How the guideline value of Sankarandas Street (Ward -7) has changed

The guideline value of Sankarandas Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and currently stands at Rs 1,321 per sq.ft as per the 2024 revision. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 to 2017 revision, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 shows a slight increase of 10% in the guideline value.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, making the current value of Sankarandas Street above this median.

• Sanjeevi Nagar (Ward -17): Rs 660 per sq.ft (2024)
• Sangamithirai Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Saptank Kulam (Ward -3): Rs 660 per sq.ft (2024)
• Sampath Nagar (Kr): Rs 440 per sq.ft (2024)
• Samidass Street (N): Rs 660 per sq.ft (2024)
• Sakthi Nagar (Per): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sankarandas Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value would be Rs 13,21,000. The stamp duty at 7% would amount to Rs 92,470, and the registration fee at 2% would be Rs 26,420, bringing the total charges to Rs 1,18,890. It is important to note that the 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 more details.

Which Sub Registrar Office covers Sankarandas Street (Ward -7)?

The Sub Registrar Office that covers Sankarandas Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ninna Karai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is taken into consideration to ensure that the correct fees are levied. This helps in maintaining transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Sankarandas Street (Ward -7)?

The current guideline value of Sankarandas Street (Ward -7) is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and is now Rs 1,321 per sq.ft in 2024.

What is the median guideline value in Ninna Karai?

The median guideline value for the 449 streets in Ninna Karai is Rs 1,100 per sq.ft, making Sankarandas Street's current value above this median.

What are the stamp duty and registration fees for property in Sankarandas Street?

For a property valued at Rs 13,21,000, the stamp duty would be Rs 92,470, and the registration fee would be Rs 26,420, totaling Rs 1,18,890.

Which office handles the registration for Sankarandas Street?

The Chengleput Joint II Sub Registrar Office handles the registration for Sankarandas Street (Ward -7), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.