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 Ninna Karai 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

Over the years, the guideline value of Sinthamani Nagar Annex (Sa) has experienced several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which was then reduced to Rs 268 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 400 per sq.ft in the 2023 revision and further rose to the current Rs 440 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The overall change from the 2012 revision to the 2024 revision shows a modest increase of 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Sinthamani Nagar Annex (Sa) 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 1,321 per sq.ft (2024)
• Sindhamani Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Silappathikaram Street (Ward -8): Rs 1,321 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 guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also 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). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Ninna Karai. It is used to determine the stamp duty and registration fees applicable when buying or selling property. This ensures that the transaction is recorded accurately and the appropriate taxes are collected by the government.

When a property is sold, the guideline value is often referenced to establish a baseline for the sale price. This helps in maintaining transparency in property transactions and ensures that both buyers and sellers are aware of the applicable charges based on the guideline value.

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 has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Sinthamani Nagar Annex (Sa)?

Sinthamani Nagar Annex (Sa) is classified as Residential Class II Type - II, indicating its suitability for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

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

How is the stamp duty calculated for properties in Ninna Karai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.