Guideline Value for Sambandam Nagar

Sambandam Nagar guideline value

The current guideline value of Sambandam Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Sambandam Nagar has changed

The guideline value for Sambandam Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that for the years 2002, 2003, 2007, and 2012, the register has no figure for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equal to the current guideline value for Sambandam Nagar.

• Sammandam Nagar Main Road: Rs 1,540 per sq.ft (2024)
• Sammandham Nagar 1st Cross Street: Rs 1,540 per sq.ft (2024)
• Sammandham Nagar 2nd Cross Street: Rs 1,540 per sq.ft (2024)
• Sammandham Nagar 3rd Cross Street: Rs 1,540 per sq.ft (2024)
• Sammandham Nagar 4th Cross Street: Rs 1,540 per sq.ft (2024)
• Sammandham Nagar Anbarasan Road: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Sambandam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty, charged at 7%, would amount to Rs 1,07,800, while the registration fee at 2% would be Rs 30,800, making the total cost for these fees Rs 1,38,600. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sambandam Nagar?

The Sambandam Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kunrathour-B

When buying or selling property in Kunrathour-B, the guideline value is a crucial factor in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price of the property, whichever is higher, ensuring that the registration process is compliant with the local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to accurately assess the costs involved in property transactions. This value serves as a benchmark for the legal documentation and financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sambandam Nagar?

The current guideline value of Sambandam Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 938 per sq.ft to Rs 1,540 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the registration fees for property in Sambandam Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles property registrations in Sambandam Nagar?

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

What is the median guideline value for streets in Kunrathour-B?

The median guideline value for streets in Kunrathour-B is Rs 1,540 per sq.ft, which is the same as the current value for Sambandam Nagar.