Guideline Value for SANMUGASUNDARAM GARDEN

Sanmugasundaram Garden guideline value

The current guideline value of Sanmugasundaram Garden is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Class III Type - I.

How the guideline value of Sanmugasundaram Garden has changed

The guideline value for Sanmugasundaram Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, up from Rs 2,000 per sq.ft in 2023, reflecting a 10% increase. Prior to that, in 2017, the value was Rs 1,340 per sq.ft, which means there was a significant increase of 49% over the six-year span from 2017 to 2023. The register has no figures for the years 2002, 2003, and 2007.

In 2012, the guideline value was Rs 2,000 per sq.ft, which decreased by 33% to Rs 1,340 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%, maintaining the current value at Rs 2,200 per sq.ft.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value is Rs 2,200 per sq.ft, which is the same as the current guideline value for Sanmugasundaram Garden.

• SANKAR 2nd STREET: Rs 2,200 per sq.ft (2024)
• SANKAR 1st STREET: Rs 2,200 per sq.ft (2024)
• Sands N Waves: Rs 7,200 per sq.ft (2024)
• Sampantham Garden: Rs 2,200 per sq.ft (2024)
• Saravana Nagar: Rs 1,700 per sq.ft (2024)
• Sai Baba Kovil Salai: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sanmugasundaram Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Please 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 details.

Which Sub Registrar Office covers Sanmugasundaram Garden?

The Sanmugasundaram Garden area is covered by 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 Enjambakkam

The guideline value is a crucial factor in the registration of property transactions in Enjambakkam. It determines the minimum value at which a property can be registered, ensuring that the stamp duty and registration fees are calculated based on a standardized value rather than the sale price alone.

When buying or selling property, it is important to consider the guideline value as it affects the overall cost of the transaction. Buyers should be aware that the guideline value may differ from the market price, but it serves as a benchmark for registration purposes.

Frequently asked questions

What is the current guideline value of Sanmugasundaram Garden?

The current guideline value of Sanmugasundaram Garden is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, a 10% increase. From 2017 to 2023, it increased by 49% from Rs 1,340 per sq.ft.

What is the land classification for Sanmugasundaram Garden?

Sanmugasundaram Garden is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where is the Neelankarai Sub Registrar Office located?

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 stamp duty calculated for properties in Sanmugasundaram Garden?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,54,000.