Guideline Value for SINTHAMANI NAGAR (PER)

Sinthamani Nagar (Per) guideline value

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

How the guideline value of Sinthamani Nagar (Per) has changed

The guideline value of Sinthamani Nagar (Per) has undergone several revisions over the years. In 2012, the value was set at Rs 500 per sq.ft, which then decreased to Rs 335 per sq.ft in 2017. Following this, the value increased significantly, reaching Rs 500 per sq.ft in 2023, and then rising to Rs 550 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. However, the revision from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median value in this area is Rs 1,100 per sq.ft, indicating that Sinthamani Nagar (Per) is below the median value.

• Sinthamani Nagar Annex (Sa): Rs 550 per sq.ft (2024)
• Sinthamani Nagar (Sa): Rs 550 per sq.ft (2024)
• Sinthamani Nagar Annex (Pa): Rs 661 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 (Per)

For a 1,000 sq.ft plot at the current rate of Rs 550 per sq.ft, the guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, totaling Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peramanoor. 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 registered, the guideline value is considered to ensure that the transaction reflects a fair value according to the government standards. This helps in maintaining transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

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

The current guideline value of Sinthamani Nagar (Per) 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 classification of land in Sinthamani Nagar (Per)?

Sinthamani Nagar (Per) is classified as Residential Class II Type - II under the Chengleput Joint II SRO.

What is the total cost for registering a property in Sinthamani Nagar (Per)?

For a 1,000 sq.ft plot, the total cost for registration, including stamp duty and registration fee, would be Rs 49,500 based on the current guideline value of Rs 5,50,000.

Where is the Sub Registrar Office for Sinthamani Nagar (Per) located?

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