Guideline Value for SINDUR NAGAR

Sindur Nagar guideline value

The current guideline value of Sindur Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam_2 village, under the Ponneri Sub Registrar Office (SRO). The land classification for this area is 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 most recent revision in 2024 set the value at Rs 300 per sq.ft, which is the same as the previous 2023 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 134 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 124%, and from 2017 to 2024, it has also increased by 124%. The guideline value has remained constant at Rs 300 per sq.ft from 2023 to 2024.

Guideline values in Thadaperumbakkam_2

In Thadaperumbakkam_2, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Sindur Nagar's 2024 guideline value aligns with this median.

• Senthamizh Nagar: Rs 400 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 300 per sq.ft (2024)
• Sri Meenal Nagar: Rs 300 per sq.ft (2024)
• Samundeeswari Nagar: Rs 300 per sq.ft (2024)
• Sri Sakthi Nagar: Rs 300 per sq.ft (2024)
• Prakash Garden: Rs 300 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is calculated at 7%, which is Rs 21,000, and the registration fee is charged at 2%, amounting to Rs 6,000. Together, the total cost for stamp duty and registration fee is Rs 27,000. 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 detailed calculations.

Which Sub Registrar Office covers Sindur Nagar?

Sindur Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thadaperumbakkam_2

The guideline value plays a crucial role in the registration process when buying or selling property in Thadaperumbakkam_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. This ensures that all transactions are transparent and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sindur Nagar?

The current guideline value of Sindur Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 134 per sq.ft in 2017 to Rs 300 per sq.ft in 2024, representing an increase of 124% over this period.

What is the land classification for Sindur Nagar?

Sindur Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in Sindur Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 300 per sq.ft, the total stamp duty and registration fees amount to Rs 27,000.

Where can I find the Sub Registrar Office for Sindur Nagar?

The Ponneri Sub Registrar Office covers Sindur Nagar and is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.