Guideline Value for SINTHAMANI NAGAR (PER)

Sinthamani Nagar (Per) guideline value

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

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

Since the 2012 revision, the guideline value for Sinthamani Nagar (Per) has undergone several changes. The 2012 revision set the value at Rs 400 per sq.ft, which then dropped to Rs 268 per sq.ft in the 2017 revision, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 400 per sq.ft, reflecting a 49% rise. The current value of Rs 440 per sq.ft from the 2024 revision shows a 10% increase from the previous year.

The register has no figure for Sinthamani Nagar (Per) for the years 2002, 2003, and 2007. Overall, comparing the values from 2012 to 2024, there has been a 10% increase.

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Sinthamani Nagar (Per) below this median.

• Sinthamani Nagar Annex (Sa): Rs 660 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 1,320 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 guideline value of Rs 440 per sq.ft, the total 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, leading to a total cost of Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can 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 Sattamangalam

The guideline value plays a crucial role in property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value as it influences the overall transaction costs. Buyers should be aware that the stamp duty and registration fees will be calculated based on the higher of the guideline value or the sale price, which can significantly affect their financial planning.

Frequently asked questions

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

The current guideline value of 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 seen several revisions, with the most notable changes being a drop to Rs 268 per sq.ft in 2017 and a rise to Rs 440 per sq.ft in 2024.

What is the land classification for Sinthamani Nagar (Per)?

Sinthamani Nagar (Per) is classified under 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 Sinthamani Nagar (Per)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 4,40,000 would incur a stamp duty of Rs 30,800.