Guideline Value for Sagunthalapuram

Sagunthalapuram guideline value

The current guideline value of Sagunthalapuram is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Atanancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Sagunthalapuram has changed

The guideline value for Sagunthalapuram has undergone several revisions over the years. The 2007 revision set the value at Rs 160 per sq.ft, which increased significantly to Rs 700 per sq.ft in the 2012 revision. However, in the 2017 revision, the value decreased to Rs 469 per sq.ft. The following revision in 2023 maintained this value at Rs 700 per sq.ft, and the upcoming 2024 revision also keeps it at Rs 700 per sq.ft, showing no change from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 338%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the current guideline value of Sagunthalapuram.

• R.M. Nagar: Rs 500 per sq.ft (2024)
• Rangaswamy Garden: Rs 1,000 per sq.ft (2024)
• Senthil Nagar: Rs 800 per sq.ft (2024)
• Senthur Velan Nagar: Rs 1,200 per sq.ft (2024)
• Shanthi Nagar: Rs 600 per sq.ft (2024)
• Ragavendrapuram: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sagunthalapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, resulting in a total of Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sagunthalapuram?

The Sub Registrar Office that covers Sagunthalapuram is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Atanancheri. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is taken into account to ensure that the appropriate fees are calculated based on the value of the property. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sagunthalapuram?

The current guideline value of Sagunthalapuram is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 160 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, decreasing to Rs 469 per sq.ft in 2017, and then remaining at Rs 700 per sq.ft in 2023 and 2024.

What are the guideline values of other streets in Atanancheri?

Other streets in Atanancheri have varying guideline values, such as R.M. Nagar at Rs 500 per sq.ft, Rangaswamy Garden at Rs 1,000 per sq.ft, and Senthil Nagar at Rs 800 per sq.ft, among others.

How is stamp duty calculated in Sagunthalapuram?

Stamp duty in Sagunthalapuram is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 7,00,000, the stamp duty would be Rs 49,000.

Where can I find the Sub Registrar Office for Sagunthalapuram?

The Sub Registrar Office for Sagunthalapuram is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.