Guideline Value for Sandhiyamman Nagar

Sandhiyamman Nagar guideline value

The current guideline value of Sandhiyamman Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Kilkattalai village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sandhiyamman Nagar has changed

The guideline value for Sandhiyamman Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 126 per sq.ft. This increased to Rs 500 per sq.ft in 2007, marking a significant rise of 297%. The value then rose to Rs 1,800 per sq.ft in 2012, reflecting a 260% increase. However, it decreased to Rs 1,206 per sq.ft in 2017, showing a decline of 33%. The next revision in 2023 brought the value back up to Rs 1,800 per sq.ft, a 49% increase from the previous figure. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from 2023.

It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Kilkattalai

In Kilkattalai, there are 194 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 5,500 per sq.ft, with a median value of Rs 2,530 per sq.ft. The guideline value for Sandhiyamman Nagar is below this median.

• Santhanakrishna Layout: Rs 2,160 per sq.ft (2024)
• Sakthi Nagar Varasithi Vinayagar Street: Rs 1,980 per sq.ft (2024)
• Sakthi Nagar: Rs 1,980 per sq.ft (2024)
• Sai Street: Rs 2,200 per sq.ft (2024)
• Sabari street: Rs 3,300 per sq.ft (2024)
• Sayee Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sandhiyamman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value would be Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sandhiyamman Nagar?

The Sub Registrar Office covering Sandhiyamman Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kilkattalai. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value set by the government.

When a property is sold, the stamp duty and registration fees are calculated 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 area.

Frequently asked questions

What is the current guideline value of Sandhiyamman Nagar?

The current guideline value of Sandhiyamman Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 126 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 1471% over the years.

What is the land classification for Sandhiyamman Nagar?

Sandhiyamman Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Sandhiyamman Nagar?

The Sub Registrar Office for Sandhiyamman Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sandhiyamman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600.