Guideline Value for Sanarpandai Muslim Kudiiruppu

Sanarpandai Muslim Kudiiruppu guideline value

The current guideline value of Sanarpandai Muslim Kudiiruppu is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Vada Mangalam village, under the Sunguvarchattram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sanarpandai Muslim Kudiiruppu has changed

The guideline value for Sanarpandai Muslim Kudiiruppu has undergone several revisions over the years. In 2012, the value was set at Rs 250 per sq.ft, which remained unchanged until the next revision in 2017, where it decreased to Rs 167 per sq.ft, marking a decrease of 33%. Following this, the 2023 revision brought the value back to Rs 250 per sq.ft, maintaining that figure through to the 2024 revision, which also set the value at Rs 250 per sq.ft, resulting in no change from the previous year.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. The significant change from 2017 to 2023 was an increase of 50%, while the overall change from 2012 to 2024 is 0%.

Guideline values in Vada Mangalam

In Vada Mangalam, there are 23 streets under the Sunguvarchattram SRO carrying a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft. The median value among these streets is Rs 250 per sq.ft, which is equal to the guideline value of Sanarpandai Muslim Kudiiruppu.

• SriLakshi Nagar: Rs 350 per sq.ft (2024)
• Srinivasa Nagar: Rs 400 per sq.ft (2024)
• Periyapallaiyathamman Kovil Street: Rs 200 per sq.ft (2024)
• N.S.K Salai: Rs 350 per sq.ft (2024)
• Narayana Nagar-II: Rs 350 per sq.ft (2024)
• Thriuvalluvar Street: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sanarpandai Muslim Kudiiruppu

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, leading to a total cost of Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sanarpandai Muslim Kudiiruppu?

The Sanarpandai Muslim Kudiiruppu area falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office. The office is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vada Mangalam. It serves as a reference point for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value as per government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Sanarpandai Muslim Kudiiruppu?

The current guideline value of Sanarpandai Muslim Kudiiruppu is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, followed by a return to Rs 250 per sq.ft in 2023 and 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the land classification for Sanarpandai Muslim Kudiiruppu?

Sanarpandai Muslim Kudiiruppu is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot valued at Rs 250 per sq.ft, the total guideline value is Rs 2,50,000. The stamp duty would be Rs 17,500, and the registration fee would be Rs 5,000, totaling Rs 22,500.

Where can I find the Sub Registrar Office for Sanarpandai Muslim Kudiiruppu?

The Sub Registrar Office covering Sanarpandai Muslim Kudiiruppu is the Sunguvarchattram SRO, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.