Guideline Value for SINTHAMANOOR INDUSTRIAL ARIYA PART -II (CHEN)

Sinthamanoor Industrial Ariya Part -II (Chen) guideline value

The current guideline value for Sinthamanoor Industrial Ariya Part -II (Chen) is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under Sengundram - 1 village and is classified as Residential Special Type - II, governed by the Chengleput Joint II SRO.

How the guideline value of Sinthamanoor Industrial Ariya Part -II (Chen) has changed

The guideline value for this street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision has raised it further to Rs 1,320 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

In terms of percentage changes, the guideline value increased by 10% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, the value decreased by 33% from 2012 to 2017. Overall, comparing the 2012 and 2024 figures, there has been a 10% increase.

Guideline values in Sengundram - 1

Within Sengundram - 1, there are 126 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 660 to Rs 3,285 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing the guideline value for Sinthamanoor Industrial Ariya Part -II (Chen) above this median.

• Silver Permium County (Chen): Rs 1,100 per sq.ft (2024)
• Shankar Nagar (Chen): Rs 660 per sq.ft (2024)
• Sp Avenue (Chen): Rs 1,320 per sq.ft (2024)
• Sp Avenue Phase -I: Rs 1,320 per sq.ft (2024)
• Sree Gokulapuram (Chen): Rs 1,100 per sq.ft (2024)
• Sree Gokulapuram Extension: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sinthamanoor Industrial Ariya Part -II (Chen)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, while the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration fee would be Rs 1,18,800. 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 more precise calculations.

Which Sub Registrar Office covers Sinthamanoor Industrial Ariya Part -II (Chen)?

The Chengleput Joint II Sub Registrar Office covers Sinthamanoor Industrial Ariya Part -II (Chen). The office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sengundram - 1

The guideline value plays a crucial role during the registration of property transactions in Sengundram - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is in compliance with local regulations.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations associated with the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value for Sinthamanoor Industrial Ariya Part -II (Chen)?

The current guideline value for Sinthamanoor Industrial Ariya Part -II (Chen) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification for Sinthamanoor Industrial Ariya Part -II (Chen)?

The land classification for Sinthamanoor Industrial Ariya Part -II (Chen) is Residential Special Type - II, indicating its designated use within the area.

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 stamp duty calculated for properties in Sinthamanoor Industrial Ariya Part -II (Chen)?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 13,20,000 incurs a stamp duty of Rs 92,400 at 7%.