Guideline Value for Sandhiya Nagar

Sandhiya Nagar guideline value

The current guideline value of Sandhiya Nagar, located in Kannanthangal village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is New House Site Type -II (Unapproved Lay-Out).

How the guideline value of Sandhiya Nagar has changed

Over the years, the guideline value of Sandhiya Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft. The 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 200 per sq.ft.

Guideline values in Kannanthangal

In Kannanthangal, there are 22 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 900 per sq.ft, with a median value of Rs 110 per sq.ft. The guideline value for Sandhiya Nagar is above this median.

• Sanar Kuttai Street: Rs 110 per sq.ft (2024)
• Reddiyar Street: Rs 126 per sq.ft (2024)
• Pallikuda Street: Rs 110 per sq.ft (2024)
• Oththavadai Street: Rs 110 per sq.ft (2024)
• Nadu Street: Rs 110 per sq.ft (2024)
• M.G.R.Street: Rs 110 per sq.ft (2024)

Stamp duty and registration fee for property in Sandhiya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sandhiya Nagar?

The Sub Registrar Office that covers Sandhiya Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is crucial during the registration of property transactions in Kannanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Sandhiya Nagar?

The current guideline value of Sandhiya Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 200 per sq.ft in both 2023 and 2024. The value was Rs 134 per sq.ft in 2017 and Rs 200 per sq.ft in 2012.

What is the land classification for Sandhiya Nagar?

Sandhiya Nagar is classified as New House Site Type -II (Unapproved Lay-Out).

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 18,000, which includes Rs 14,000 for stamp duty and Rs 4,000 for registration fees.

Which office handles registrations for Sandhiya Nagar?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles registrations for Sandhiya Nagar.