Guideline Value for Sambanthamoorthy Nagar

Sambanthamoorthy Nagar guideline value

The current guideline value of Sambanthamoorthy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Sevilimadu - A, under the Kanchipuram Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sambanthamoorthy Nagar has changed

The guideline value for Sambanthamoorthy Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, an increase from Rs 1,000 per sq.ft in the 2023 revision. This change represents a 10% increase. Prior to this, the 2017 revision recorded a guideline value of Rs 670 per sq.ft, marking a significant 49% increase when compared to the 2023 figure. The overall change from the 2017 revision to the 2024 revision is a rise of 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. This means that the guideline values for these years are not applicable to Sambanthamoorthy Nagar.

Guideline values in Sevilimadu - A

In Sevilimadu - A, there are 58 streets under the Kanchipuram Joint II SRO that have a 2024 guideline value ranging from Rs 800 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the current guideline value for Sambanthamoorthy Nagar. Below are the guideline values for other streets in Sevilimadu - A:

• Sadasivam Nagar: Rs 1,100 per sq.ft (2024)
• Selva vinayagar Nagar: Rs 875 per sq.ft (2024)
• Ramasamy Nagar: Rs 1,100 per sq.ft (2024)
• Sivalingam Nagar: Rs 1,100 per sq.ft (2024)
• S M Doss Avenue: Rs 1,100 per sq.ft (2024)
• S.M. Doss Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sambanthamoorthy Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Sambanthamoorthy Nagar?

The Sub Registrar Office that covers Sambanthamoorthy Nagar is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sevilimadu - A

The guideline value is a crucial factor when buying or selling property in Sevilimadu - A. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware that these costs are based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value helps ensure that the transaction is recorded at a fair value. This process is essential for maintaining accurate property records and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sambanthamoorthy Nagar?

The current guideline value of Sambanthamoorthy Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 64% over this period.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office covers Sambanthamoorthy Nagar?

The Kanchipuram Joint II Sub Registrar Office covers Sambanthamoorthy Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501.

Are there other streets with the same guideline value in Sevilimadu - A?

Yes, there are several other streets in Sevilimadu - A with the same guideline value of Rs 1,100 per sq.ft, including Sadasivam Nagar, Ramasamy Nagar, Sivalingam Nagar, S M Doss Avenue, and S.M. Doss Nagar.