Guideline Value for SINTHAMANI NAGAR (PER)

Sinthamani Nagar (Per) guideline value

The current guideline value for Sinthamani Nagar (Per) 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 (Per) has changed

The guideline value for Sinthamani Nagar (Per) has seen several revisions over the years. In 2012, the guideline value was set at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 400 per sq.ft. The most recent revision in 2024 has further increased the value to Rs 440 per sq.ft, marking a 10% rise from the previous year.

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 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 guideline value for these streets is Rs 1,100 per sq.ft, indicating that Sinthamani Nagar (Per) is below this median.

• Sinthamani Nagar Annex (Sa): Rs 440 per sq.ft (2024)
• Sinthamani Nagar (Sa): Rs 440 per sq.ft (2024)
• Sinthamani Nagar Annex (Pa): Rs 660 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 (Per)

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, while the registration fee at 2% would be Rs 8,800. Together, the total cost for stamp duty and registration fee would be Rs 39,600. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sinthamani Nagar (Per)?

The Sub Registrar Office that covers Sinthamani Nagar (Per) is the Chengleput Joint II Sub Registrar Office, 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 Ninna Karai

The guideline value plays a crucial role in property transactions in Ninna Karai. It is used to determine the stamp duty and registration fees that are applicable when buying or selling property. The guideline value is set by the Registration Department and is updated periodically to reflect changes in the real estate market.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value for Sinthamani Nagar (Per) 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 median guideline value for streets in Ninna Karai?

The median guideline value for streets in Ninna Karai is Rs 1,100 per sq.ft, while Sinthamani Nagar (Per) is below this median at Rs 440 per sq.ft.

What are the stamp duty and registration fees for buying property in Sinthamani Nagar (Per)?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,40,000. The stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which office do I need to visit for registration in Sinthamani Nagar (Per)?

The Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, is the office you need to visit for registration in Sinthamani Nagar (Per).