Guideline Value for SINTHAMANI NAGAR (SA)

Sinthamani Nagar (Sa) guideline value

The current guideline value of Sinthamani Nagar (Sa) is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Class II Type - II.

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

The guideline value for Sinthamani Nagar (Sa) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 400 per sq.ft. Prior to that, the 2017 revision had a guideline value of Rs 268 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure. The 2012 revision also had a value of Rs 400 per sq.ft, which was a decrease of 33% from the 2017 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from Rs 400 per sq.ft in 2012 to Rs 440 per sq.ft in 2024.

Guideline values in Kattankollatur

Kattankollatur village has a total of 453 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,612 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Sinthamani Nagar (Sa) below this median value.

• Sinthamani Nagar (Per): Rs 440 per sq.ft (2024)
• Sinthamani Nagar Annex (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 (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, charged at 7%, would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800. Therefore, the total costs for stamp duty and registration would be 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 the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sinthamani Nagar (Sa)?

The Sub Registrar Office that covers Sinthamani Nagar (Sa) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can find your SRO.

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

The guideline value plays a crucial role during the registration of properties in Kattankollatur. It is used to determine the stamp duty and registration fees that buyers must pay when completing a property transaction. This value is essential for ensuring that the property is registered at a fair and standardized rate.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the correct amount in taxes, regardless of the agreed sale price between the buyer and seller.

Frequently asked questions

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

The current guideline value of Sinthamani Nagar (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 2023 to Rs 440 per sq.ft in 2024, which is a 10% increase. It was Rs 268 per sq.ft in 2017, showing a 49% increase from 2017 to 2023.

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

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

What are the stamp duty and registration fees for properties in Sinthamani Nagar (Sa)?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 4,40,000, the total stamp duty and registration fee would be Rs 39,600.

Which office handles registrations for Sinthamani Nagar (Sa)?

The Chengleput Joint II Sub Registrar Office handles registrations for Sinthamani Nagar (Sa), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.