Guideline Value for SINDHU NAGAR EXTN

Sindhu Nagar Extn guideline value

The current guideline value of Sindhu Nagar Extn is Rs 1,310 per sq.ft, effective from 1 July 2024. This area is located in Vilingiyambakkam village and falls under the Avadi SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Sindhu Nagar Extn has changed

Over the years, the guideline value of Sindhu Nagar Extn has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in the 2017 revision. The 2023 revision brought it back up to Rs 1,200 per sq.ft, and the most recent revision in 2024 increased it further to Rs 1,310 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2024 revision, the overall change is an increase of 9%. Notably, the change from 2023 to 2024 was +9%, while the increase from 2017 to 2023 was +49%. The decrease from 2012 to 2017 was -33%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, making the guideline value of Sindhu Nagar Extn above the median.

• Siranjeevi Nagar: Rs 800 per sq.ft (2024)
• Sivaji St: Rs 935 per sq.ft (2024)
• Senthilsamy St: Rs 935 per sq.ft (2024)
• Senthamil Nagar Udayasuriyan St: Rs 810 per sq.ft (2024)
• Senthamil Nagar Kannadasan St: Rs 810 per sq.ft (2024)
• Senthamil Nagar Jegajeevanam Street: Rs 810 per sq.ft (2024)

Stamp duty and registration fee for property in Sindhu Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,310 per sq.ft, the total guideline value would be Rs 13,10,000. The stamp duty at 7% would amount to Rs 91,700, and the registration fee at 2% would be Rs 26,200, bringing the total to Rs 1,17,900. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sindhu Nagar Extn?

The Sindhu Nagar Extn area is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Vilingiyambakkam. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded at a value that reflects the prevailing market conditions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs that need to be considered. This ensures transparency and fairness in property transactions, as all parties are aware of the minimum value set by the authorities.

Frequently asked questions

What is the current guideline value of Sindhu Nagar Extn?

The current guideline value of Sindhu Nagar Extn is Rs 1,310 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 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,310 per sq.ft in 2024.

What is the land classification for Sindhu Nagar Extn?

The land classification for Sindhu Nagar Extn is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Sindhu Nagar Extn?

The Sub Registrar Office covering Sindhu Nagar Extn is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for property in Sindhu Nagar Extn?

The stamp duty for property in Sindhu Nagar Extn is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 13,10,000, resulting in a stamp duty of Rs 91,700.