Guideline Value for SRI SUMANGALI NAGAR

Sri Sumangali Nagar guideline value

The current guideline value of Sri Sumangali Nagar in Paandoor village is Rs 1,200 per sq.ft, effective from the 2024 revision. This area falls under the Thiruporur SRO and is classified as Residential Class I Type - V.

How the guideline value of Sri Sumangali Nagar has changed

As per the guideline value register, the revisions for Sri Sumangali Nagar show that there has been no change in the guideline value from 2023 to 2024, remaining at Rs 1,200 per sq.ft. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

In the 2023 revision, the guideline value was also Rs 1,200 per sq.ft, indicating stability in the valuation over the past two years. The absence of figures in earlier revisions suggests a consistent valuation approach for this specific street.

Guideline values in Paandoor

In Paandoor, there are 35 streets under the Thiruporur SRO, with guideline values ranging from Rs 450 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,493 per sq.ft, placing Sri Sumangali Nagar's 2024 figure below that median.

• Sri Balaji Nagar: Rs 1,000 per sq.ft (2024)
• United Enclave: Rs 2,000 per sq.ft (2024)
• Senthamil Nagar: Rs 800 per sq.ft (2024)
• Velan Avenue: Rs 1,493 per sq.ft (2024)
• Venkateshwara Avenue Phase I & II: Rs 600 per sq.ft (2024)
• Venkateshwar Avenue: Rs 805 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sumangali Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. 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 Sri Sumangali Nagar?

The Sub Registrar Office that covers Sri Sumangali Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Paandoor. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, aligning with government regulations. Buyers and sellers must be aware of the guideline value to accurately assess their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sumangali Nagar?

The current guideline value of Sri Sumangali Nagar is Rs 1,200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value for Sri Sumangali Nagar has remained stable at Rs 1,200 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value for streets in Paandoor?

The median guideline value for the 35 streets in Paandoor is Rs 1,493 per sq.ft. Sri Sumangali Nagar's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in Sri Sumangali Nagar?

The stamp duty is charged at 7% of the guideline value, while the registration fee is at 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 1,08,000.

Where is the Sub Registrar Office for Sri Sumangali Nagar located?

The Sub Registrar Office for Sri Sumangali Nagar is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.