Guideline Value for SINDHAMANI STREET (WARD -7)

Sindhamani Street (Ward -7) guideline value

The current guideline value of Sindhamani Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

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

The guideline value for Sindhamani 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 then rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for Sindhamani Street for the years 2002, 2003, and 2007.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value is Rs 990 per sq.ft, placing Sindhamani Street's 2024 figure above this median.

• Silappathikaram Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Silapathiharam Cross Street (Ward -8): Rs 1,320 per sq.ft (2024)
• Singaravelan Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sinthamani Nagar Annex (Pa): Rs 660 per sq.ft (2024)
• Sinthamani Nagar Annex (Sa): Rs 440 per sq.ft (2024)
• Sinthamani Nagar (Per): Rs 440 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty, charged at 7%, would amount to Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. 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 precise calculations.

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

The Sub Registrar Office that covers Sindhamani Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that are payable at the time of registration.

Frequently asked questions

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

The current guideline value of Sindhamani Street (Ward -7) is Rs 1,320 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 2023 to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing a significant increase of 49% from 2017 to 2023.

What is the land classification of Sindhamani Street (Ward -7)?

Sindhamani Street (Ward -7) is classified as Residential Special Type - V. This classification impacts the guideline value and the types of developments that can occur in the area.

What are the stamp duty and registration fees for property in Sindhamani Street (Ward -7)?

The stamp duty for property in Sindhamani Street is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,800.

Where is the Sub Registrar Office for Sindhamani Street (Ward -7)?

The Chengleput Joint II Sub Registrar Office covers Sindhamani Street (Ward -7) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.