Guideline Value for SANKARI NAGAR

Sankari Nagar guideline value

The current guideline value of Sankari Nagar, located in Paandoor village under the Thiruporur SRO, is Rs 805 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of Sankari Nagar has changed

The guideline value for Sankari Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased to Rs 800 per sq.ft in 2023, and currently stands at Rs 805 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of percentage changes, from 2012 to 2017, there was a decrease of 33%. However, the value rebounded significantly from 2017 to 2023, increasing by 49%. The change from 2023 to 2024 reflects a modest increase of 1%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 1%.

Guideline values in Paandoor

In Paandoor village, there are 35 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 450 to Rs 3,300 per sq.ft, with a median value of Rs 1,493 per sq.ft. The guideline value for Sankari Nagar is below this median.

• Senthamil Nagar: Rs 800 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,000 per sq.ft (2024)
• Sri Sumangali Nagar: Rs 1,200 per sq.ft (2024)
• Om Jai Sri Sai Nagar: Rs 1,614 per sq.ft (2024)
• N P Nagar: Rs 2,000 per sq.ft (2024)
• United Enclave: Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sankari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 805 per sq.ft, the total guideline value amounts to Rs 8,05,000. The stamp duty at 7% would be Rs 56,350, and the registration fee at 2% would be Rs 16,100, bringing the total fees to Rs 72,450. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sankari Nagar?

The Sub Registrar Office that covers Sankari Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property in Paandoor, as it determines the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value serves as a benchmark for the minimum value on which stamp duty is calculated. This ensures that the government receives appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sankari Nagar?

The current guideline value of Sankari Nagar is Rs 805 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and currently stands at Rs 805 per sq.ft in 2024.

What is the median guideline value in Paandoor?

The median guideline value in Paandoor is Rs 1,493 per sq.ft, while Sankari Nagar's current value is below this median.

What are the stamp duty rates for properties in Sankari Nagar?

The stamp duty rate for properties in Sankari Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office handles property registrations for Sankari Nagar?

The Thiruporur Sub Registrar Office handles property registrations for Sankari Nagar, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.