Guideline Value for SINDUR NAGAR

Sindur Nagar guideline value

The current guideline value of Sindur Nagar, located in Thadaperumbakkam village under the Ponneri SRO, is Rs 501 per sq.ft as per the 2024 revision. This area is classified as Residential Class II Type - I.

How the guideline value of Sindur Nagar has changed

The guideline value for Sindur Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which then changed to Rs 134 per sq.ft in 2017. Following that, in 2023, the value increased significantly to Rs 300 per sq.ft. The most recent revision in 2024 established the current guideline value at Rs 501 per sq.ft, marking a 67% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 151%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median guideline value is Rs 501 per sq.ft, which is equal to the guideline value of Sindur Nagar.

• Sivagami Nagar: Rs 501 per sq.ft (2024)
• Shakthi Murugan Nagar: Rs 600 per sq.ft (2024)
• Senthamizh Nagar: Rs 600 per sq.ft (2024)
• Selvavinayagar Kudi Iruppu: Rs 501 per sq.ft (2024)
• Sri Amman Nagar: Rs 501 per sq.ft (2024)
• Sri Balaji Avenue: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in Sindur Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value amounts to Rs 5,01,000. The stamp duty at 7% would be Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total fees to Rs 45,090. 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 Sindur Nagar?

The Sub Registrar Office that covers Sindur Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thadaperumbakkam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with the local regulations.

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

Frequently asked questions

What is the current guideline value of Sindur Nagar?

The current guideline value of Sindur Nagar is Rs 501 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2012 to Rs 501 per sq.ft in 2024, showing an overall increase of 151% over this period.

What are the stamp duty rates for properties in Sindur Nagar?

The stamp duty rate for properties in Sindur Nagar is 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Sindur Nagar?

The Ponneri Sub Registrar Office handles property registrations for Sindur Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

Are there other streets with the same guideline value in Thadaperumbakkam?

Yes, several other streets in Thadaperumbakkam have the same guideline value of Rs 501 per sq.ft, including Sivagami Nagar, Selvavinayagar Kudi Iruppu, Sri Amman Nagar, and Sri Balaji Avenue.