Guideline Value for Sangath Thamizh Nagar

Sangath Thamizh Nagar guideline value

The current guideline value of Sangath Thamizh Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This locality is situated in Navaloor village, under the Padappai Sub Registrar Office (SRO). The land classification for this area is Residential Class I Type - I.

How the guideline value of Sangath Thamizh Nagar has changed

Over the years, the guideline value of Sangath Thamizh Nagar has seen several revisions. The earliest recorded figure was Rs 500 per sq.ft in 2012, which then decreased to Rs 335 per sq.ft in 2017. The guideline value rose significantly to Rs 500 per sq.ft in 2023, and further increased to the current rate of Rs 550 per sq.ft in 2024. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 10% rise, bringing the overall change from 2012 to 2024 to a 10% increase.

Guideline values in Navaloor

In Navaloor, there are 26 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,000 per sq.ft. The median value is Rs 550 per sq.ft, which is equal to the current guideline value of Sangath Thamizh Nagar.

• Sakthi Nagar: Rs 440 per sq.ft (2024)
• Raj Bhavan Nagar: Rs 440 per sq.ft (2024)
• S.L Green City: Rs 770 per sq.ft (2024)
• S.L.S Nagar: Rs 550 per sq.ft (2024)
• Sree Varalakshmi Avenue: Rs 550 per sq.ft (2024)
• Sri Ganeshji Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sangath Thamizh Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty is charged at 7%, which totals Rs 38,500, and the registration fee is 2%, amounting to Rs 11,000. Together, these fees come to Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details on fees applicable to property transactions.

Which Sub Registrar Office covers Sangath Thamizh Nagar?

The Sub Registrar Office that covers Sangath Thamizh Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Navaloor. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value ensures that the government receives appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sangath Thamizh Nagar?

The current guideline value of Sangath Thamizh Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then to Rs 500 per sq.ft in 2023, and currently to Rs 550 per sq.ft in 2024.

What is the land classification for Sangath Thamizh Nagar?

Sangath Thamizh Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current rate, the total fees would be Rs 49,500.

Which office handles property registrations in Sangath Thamizh Nagar?

The Padappai Sub Registrar Office handles property registrations for Sangath Thamizh Nagar. It is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.