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 Sattamangalam village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

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

Over the years, the guideline value of Sindhamani Street has seen several revisions. 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, marking a decrease of 33%. However, the value rose significantly to Rs 1,200 per sq.ft in the 2023 revision and further increased to Rs 1,320 per sq.ft in the 2024 revision, representing a 10% increase. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Overall, the guideline value has seen a 10% increase from the 2012 revision to the 2024 revision, indicating a shift in property values in this area.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 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 in this area is Rs 1,100 per sq.ft, positioning Sindhamani Street's 2024 figure above that 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 660 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 at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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 Sattamangalam

The guideline value plays a crucial role in the property registration process in Sattamangalam. It is the minimum value set by the government for property transactions, ensuring that properties are registered at a fair value. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the overall cost of the transaction. The guideline value can fluctuate with revisions, so staying updated with the latest figures is important for accurate financial planning.

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 seen several revisions, with the most recent increase from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. Overall, the value has increased by 10% from 2012 to 2024.

Where can I find the registration office for Sindhamani Street (Ward -7)?

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

What are the stamp duty and registration fees for properties in this area?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,18,800.

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

The land classification for Sindhamani Street (Ward -7) is Residential Special Type - V, indicating its designated use for residential purposes.