Guideline Value for SINTHAMANI NAGAR ANNEX (SA)

Sinthamani Nagar Annex (Sa) guideline value

The current guideline value for Sinthamani Nagar Annex (Sa) is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Peramanoor village and falls under the Chengleput Joint II SRO with a land classification of Residential Class II Type - II.

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

The guideline value for Sinthamani Nagar Annex (Sa) has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft, which decreased to Rs 335 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 500 per sq.ft. The most recent revision in 2024 has increased the value by 10% to Rs 550 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peramanoor

In Peramanoor, there are a total of 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which means that the current value for Sinthamani Nagar Annex (Sa) is below this median.

• Sinthamani Nagar Annex (Pa): Rs 661 per sq.ft (2024)
• Sinthamani Nagar (Per): Rs 550 per sq.ft (2024)
• Sinthamani Nagar (Sa): Rs 550 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 guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total of Rs 49,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

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, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the registration process requires you to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that all transactions are conducted fairly and transparently, adhering to the regulations set by the Registration Department.

Frequently asked questions

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

The current guideline value for Sinthamani Nagar Annex (Sa) is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the median guideline value in Peramanoor?

The median guideline value for streets in Peramanoor is Rs 1,100 per sq.ft, while Sinthamani Nagar Annex (Sa) is currently valued below this median at Rs 550 per sq.ft.

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

The stamp duty for property in Sinthamani Nagar Annex (Sa) is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sinthamani Nagar Annex (Sa)?

The Chengleput Joint II Sub Registrar Office, which covers Sinthamani Nagar Annex (Sa), is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.