Guideline Value for SINDHU NAGAR PHASE-I

Sindhu Nagar Phase-I guideline value

The current guideline value of Sindhu Nagar Phase-I is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Salavakkam village and falls under the Salavakkam SRO. The land classification for this region is Residential Class III Type - I.

How the guideline value of Sindhu Nagar Phase-I has changed

The guideline value for Sindhu Nagar Phase-I has experienced several changes over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the 2023 revision. However, the 2017 revision saw a decrease to Rs 67 per sq.ft, marking a -33% change from the 2012 figure. The value then increased significantly by 49% to Rs 100 per sq.ft in 2023. The current 2024 revision maintains this value at Rs 100 per sq.ft, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable with a total change of +0%.

Guideline values in Salavakkam

In Salavakkam, there are 38 streets under the Salavakkam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 250 per sq.ft, with a median value of Rs 150 per sq.ft. The guideline value for Sindhu Nagar Phase-I is below this median.

• Sindhu Nagar: Rs 200 per sq.ft (2024)
• Salavakkam Colony Mettu Street: Rs 102 per sq.ft (2024)
• Salavakkam Colony Dhedeer Nagar: Rs 102 per sq.ft (2024)
• Salavakkam Colony Bazani Kovil Street: Rs 101 per sq.ft (2024)
• Reddy Street: Rs 175 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sindhu Nagar Phase-I

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sindhu Nagar Phase-I?

The Sub Registrar Office that covers Sindhu Nagar Phase-I is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in property transactions in Salavakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

During the registration process, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sindhu Nagar Phase-I?

The current guideline value of Sindhu Nagar Phase-I is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007 for this street.

What is the land classification for Sindhu Nagar Phase-I?

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

How is the stamp duty calculated for property in Sindhu Nagar Phase-I?

Stamp duty is calculated based on 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 1,00,000, leading to a stamp duty of Rs 7,000.

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

The Sub Registrar Office for Sindhu Nagar Phase-I is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.