Guideline Value for SONTHAM NAGAR

Sontham Nagar guideline value

The current guideline value of Sontham Nagar is Rs 130 per sq.ft, effective from 1 July 2024. This street is located in Elavur village, under the Gummidipoondi SRO, and is classified as Residential Special Type - I.

How the guideline value of Sontham Nagar has changed

According to the guideline value register, there have been no figures for Sontham Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 130 per sq.ft, which remained unchanged in the 2024 revision.

Between the 2023 and 2024 revisions, there was no change in the guideline value, maintaining the rate at Rs 130 per sq.ft. This consistency indicates stability in the valuation for this street over the recent revisions.

Guideline values in Elavur

In Elavur, five streets under the Gummidipoondi SRO have a 2024 guideline value range from Rs 130 to Rs 195 per sq.ft, with the median being Rs 130 per sq.ft. Sontham Nagar's 2024 figure aligns with this median value.

• Shakila Nagar: Rs 130 per sq.ft (2024)
• Sri Sai Krishna Garden: Rs 195 per sq.ft (2024)
• Divine Nagar: Rs 130 per sq.ft (2024)
• New Sun City: Rs 130 per sq.ft (2024)

Stamp duty and registration fee for property in Sontham Nagar

For a 1,000 sq.ft plot at the current rate of Rs 130 per sq.ft, the guideline value would be Rs 1,30,000. The stamp duty at 7% would amount to Rs 9,100, and the registration fee at 2% would be Rs 2,600, together totaling Rs 11,700. 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 detailed calculations.

Which Sub Registrar Office covers Sontham Nagar?

The Sub Registrar Office that covers Sontham Nagar is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Elavur. It serves as a reference point for determining the stamp duty and registration fees applicable to the property being bought or sold.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Sontham Nagar?

The current guideline value of Sontham Nagar is Rs 130 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures for Sontham Nagar in the revisions from 2002 to 2017. The guideline value was Rs 130 per sq.ft in both the 2023 and 2024 revisions, showing no change between these two years.

What is the registration office for Sontham Nagar?

The registration office for Sontham Nagar is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How is stamp duty calculated for properties in Sontham Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the guideline value of Rs 130 per sq.ft, the total guideline value would be Rs 1,30,000.

What are the other streets in Elavur with guideline values?

Other streets in Elavur under the Gummidipoondi SRO include Shakila Nagar at Rs 130 per sq.ft, Sri Sai Krishna Garden at Rs 195 per sq.ft, Divine Nagar at Rs 130 per sq.ft, and New Sun City at Rs 130 per sq.ft, all for the year 2024.