Guideline Value for Sangamithira Nagar

Sangamithira Nagar guideline value

The current guideline value of Sangamithira Nagar, located in Koozhangacheri village under the Sunguvarchattram SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sangamithira Nagar has changed

Over the years, the guideline value for Sangamithira Nagar has seen several revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 250 per sq.ft. The 2017 revision marked a decrease to Rs 167 per sq.ft, reflecting a -33% change from the previous figure. The 2024 revision has again set the value at Rs 250 per sq.ft, showing no change from the previous year.

Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged, at Rs 250 per sq.ft.

Guideline values in Koozhangacheri

Koozhangacheri village has 47 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 200 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 226 per sq.ft, placing Sangamithira Nagar's current guideline value above this median.

• Sai Avenue: Rs 250 per sq.ft (2024)
• Rathinapuri: Rs 226 per sq.ft (2024)
• Rajiv Gandhi Nagar: Rs 226 per sq.ft (2024)
• SriAlamelu Mangapuram: Rs 250 per sq.ft (2024)
• Sri Ambal Nagar: Rs 300 per sq.ft (2024)
• SriBalaji Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sangamithira Nagar

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, bringing the total to Rs 22,500. 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 Sangamithira Nagar?

The Sub Registrar Office that covers Sangamithira Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Koozhangacheri, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a reference point for the transaction. This ensures that the government receives the appropriate revenue from stamp duties based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Sangamithira Nagar?

The current guideline value of Sangamithira Nagar 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 from 2012 to 2024, with a drop to Rs 167 per sq.ft in 2017. The value was Rs 250 per sq.ft in both 2023 and 2024, showing no change between these two revisions.

What are the guideline values for other streets in Koozhangacheri?

Other streets in Koozhangacheri have guideline values ranging from Rs 200 to Rs 1,200 per sq.ft. The median value is Rs 226 per sq.ft, while Sangamithira Nagar's value is above this median.

What is the stamp duty for property in Sangamithira Nagar?

The stamp duty for property in Sangamithira Nagar is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500.

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

The Sub Registrar Office for Sangamithira Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details through the provided link.