Guideline Value for Sagunthala Nagar

Sagunthala Nagar guideline value

The current guideline value of Sagunthala Nagar, located in Chennerkuppam village under the Kunrathur SRO, is Rs 1,430 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Sagunthala Nagar has changed

The guideline value for Sagunthala Nagar has seen several revisions over the years. In 2012, the value was Rs 1,300 per sq.ft, which decreased to Rs 871 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,300 per sq.ft in 2023, and then rose again to Rs 1,430 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value in this village is Rs 1,540 per sq.ft, placing Sagunthala Nagar's 2024 figure below that median.

• Sakthi Garden phase III: Rs 1,540 per sq.ft (2024)
• Sakthi Garden phase I & Phase II: Rs 1,540 per sq.ft (2024)
• Santhi Nagar: Rs 1,540 per sq.ft (2024)
• Santron P Sakrapani Garden: Rs 2,090 per sq.ft (2024)
• Sarva Ganapthi Nagar: Rs 1,430 per sq.ft (2024)
• Sastha Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Sagunthala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, and the registration fee at 2% would be Rs 28,600, bringing the total cost for these fees to Rs 1,28,700. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sagunthala Nagar?

Sagunthala Nagar falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value serves as a benchmark for property transactions in Chennerkuppam. When buying or selling property, this value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. This value is determined by the Registration Department and is subject to periodic revisions.

Frequently asked questions

What is the current guideline value of Sagunthala Nagar?

The current guideline value of Sagunthala Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,430 per sq.ft in 2024.

What is the median guideline value in Chennerkuppam?

The median guideline value in Chennerkuppam is Rs 1,540 per sq.ft for the year 2024.

What are the stamp duty and registration fees for a property in Sagunthala Nagar?

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which office handles registrations for Sagunthala Nagar?

The Kunrathur Sub Registrar Office handles registrations for Sagunthala Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.