Guideline Value for Sangeetha Sabha

Sangeetha Sabha guideline value

The current guideline value of Sangeetha Sabha in Selaiyur village is Rs 1,300 per sq.ft, effective from 1 July 2024. This property falls under the Selaiyur Sub Registrar Office (SRO) and is classified as Residential Class III Type - II.

How the guideline value of Sangeetha Sabha has changed

The guideline value for Sangeetha Sabha has seen several revisions over the years. In 2007, the value was Rs 450 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, it dropped to Rs 804 per sq.ft in 2017. The value then rose to Rs 1,200 per sq.ft in 2023, before reaching the current rate of Rs 1,300 per sq.ft in 2024. The register has no figures for this street in 2002 and 2003.

From 2007 to 2024, the overall increase in the guideline value is 189%. Notably, the change from 2023 to 2024 reflects an 8% increase, while the jump from 2017 to 2023 shows a significant 49% rise. The decrease from 2012 to 2017 was 33%, and the increase from 2007 to 2012 was a remarkable 167%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Sangeetha Sabha's 2024 figure below this median.

• Sampathkumar Street: Rs 2,750 per sq.ft (2024)
• Santha Nagar: Rs 2,200 per sq.ft (2024)
• Sarada Garden: Rs 1,800 per sq.ft (2024)
• Sakthi Garden Phase II: Rs 4,400 per sq.ft (2024)
• Sakthi Garden Phase I: Rs 4,400 per sq.ft (2024)
• Saraswathi Avenue: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sangeetha Sabha

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Please 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.

Which Sub Registrar Office covers Sangeetha Sabha?

The Sangeetha Sabha is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Selaiyur. It helps determine the stamp duty and registration fees that need to be paid during the transfer of property ownership. This ensures that the government receives the appropriate revenue based on the property's assessed value.

When buying or selling property, it is essential to be aware of the current guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Sangeetha Sabha?

The current guideline value of Sangeetha Sabha is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 189% over the years.

What is the median guideline value in Selaiyur?

The median guideline value for the 478 streets in Selaiyur is Rs 2,200 per sq.ft, with Sangeetha Sabha's value being below this median.

What are the stamp duty rates for property in Sangeetha Sabha?

The stamp duty for property transactions in Sangeetha Sabha is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.