Guideline Value for SIGARAM ENCLAVE

Sigaram Enclave guideline value

The current guideline value of Sigaram Enclave is Rs 2,640 per sq.ft, effective from 1 July 2024. This property is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sigaram Enclave has changed

The guideline value for Sigaram Enclave has seen several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,608 per sq.ft. This figure increased to Rs 2,400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 set the guideline value at Rs 2,640 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values ranging from Rs 1,320 to Rs 5,500 per sq.ft as of 2024. The median guideline value for the village is Rs 2,310 per sq.ft, placing Sigaram Enclave's 2024 figure above this median.

• Shriprop Properties - G.S.T. Road: Rs 4,930 per sq.ft (2024)
• Shobha Emerald: Rs 2,970 per sq.ft (2024)
• Shoba Windsor Castle: Rs 2,575 per sq.ft (2024)
• Sharmila Nagar: Rs 2,310 per sq.ft (2024)
• Sivaraj Street: Rs 1,650 per sq.ft (2024)
• Siva Sakthi Nagar: Rs 2,310 per sq.ft (2024)

Stamp duty and registration fee for property in Sigaram Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value amounts to Rs 26,40,000. The stamp duty at 7% would be Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, bringing the total cost for these fees together to Rs 2,37,600. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sigaram Enclave?

The Sub Registrar Office that covers Sigaram Enclave is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial aspect of property transactions in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sigaram Enclave?

The current guideline value of Sigaram Enclave is Rs 2,640 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since the 2017 revision, the guideline value has increased from Rs 1,608 per sq.ft to Rs 2,640 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Sigaram Enclave?

For a property valued at Rs 26,40,000, the stamp duty would be Rs 1,84,800, and the registration fee would be Rs 52,800, totaling Rs 2,37,600.

Which Sub Registrar Office covers Sigaram Enclave?

The Padappai Sub Registrar Office covers Sigaram Enclave, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the guideline value determined for properties in Perungalathur?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and local market conditions. It serves as a reference for calculating stamp duty and registration fees during property transactions.