Guideline Value for SINTHAMANI NAGAR ANNEX (SA)

Sinthamani Nagar Annex (Sa) guideline value

The current guideline value of Sinthamani Nagar Annex (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Sinthamani Nagar Annex (Sa) has changed

Starting from the 2012 revision, the guideline value was Rs 400 per sq.ft. In 2017, it decreased to Rs 268 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, reflecting a rise of 49%. The latest revision in 2024 has set the value at Rs 440 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the values from 2012 to 2024, there has been a 10% increase, with the current value remaining consistent with the 2024 figures.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft; the median value is Rs 1,100 per sq.ft. Sinthamani Nagar Annex (Sa) is below this median.

• Sinthamani Nagar Annex (Pa): Rs 660 per sq.ft (2024)
• Sinthamani Nagar (Per): Rs 440 per sq.ft (2024)
• Sinthamani Nagar (Sa): Rs 440 per sq.ft (2024)
• Singaravelan Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sindhamani Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Silappathikaram Street (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sinthamani Nagar Annex (Sa)

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. 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 Sinthamani Nagar Annex (Sa)?

The Chengleput Joint II Sub Registrar Office covers Sinthamani Nagar Annex (Sa) and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for further information.

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

The guideline value is a critical factor in determining the registration fees and stamp duty when buying or selling property in Kattankollatur. It serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives the appropriate taxes on property transactions.

When a property is sold, the buyer must pay the stamp duty and registration fee based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the government collects the necessary revenue from property sales.

Frequently asked questions

What is the current guideline value of Sinthamani Nagar Annex (Sa)?

The current guideline value of Sinthamani Nagar Annex (Sa) is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has seen fluctuations, with a decrease in 2017 followed by increases in 2023 and 2024. Overall, from 2012 to 2024, there has been a 10% increase.

What is the stamp duty for property in Sinthamani Nagar Annex (Sa)?

The stamp duty for property in Sinthamani Nagar Annex (Sa) is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 30,800 based on the current guideline value.

Where is the Chengleput Joint II Sub Registrar Office located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

What are the other streets in Kattankollatur and their guideline values?

Other streets in Kattankollatur include Sinthamani Nagar Annex (Pa) at Rs 660 per sq.ft, Sinthamani Nagar (Per) at Rs 440 per sq.ft, and several others with higher values. This indicates a range of property values within the village.