Guideline Value for Sankar Nagar

Sankar Nagar guideline value

The current guideline value of Sankar Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Irunkattukottai_B village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sankar Nagar has changed

The guideline value for Sankar Nagar has seen several revisions over the years. In the 2017 revision, the value was set at Rs 167 per sq.ft. This figure remained unchanged at Rs 250 per sq.ft in the 2023 revision and continues to be Rs 250 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 50%, and there has been no change from 2023 to 2024. Overall, the guideline value has increased by 50% from 2017 to 2024.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B village, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Sankar Nagar's 2024 figure below that median.

• Saran Singh Street: Rs 400 per sq.ft (2024)
• Sakthi Nagar: Rs 250 per sq.ft (2024)
• Sabari Nagar: Rs 400 per sq.ft (2024)
• Sivaji Street: Rs 400 per sq.ft (2024)
• Sivan Koil Street: Rs 400 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sankar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sankar Nagar?

The Sub Registrar Office that covers Sankar 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 information.

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

The guideline value is a crucial factor when registering property in Irunkattukottai_B. It determines the amount of stamp duty and registration fees that need to be paid during the transaction process.

When buying or selling property, the guideline value serves as a benchmark for assessing the property's worth. This ensures that the transaction is documented accurately in accordance with the prevailing rates set by the government.

Frequently asked questions

What is the current guideline value of Sankar Nagar?

The current guideline value of Sankar 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 2023 to 2024. It increased by 50% from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023.

What is the median guideline value in Irunkattukottai_B?

The median guideline value for streets in Irunkattukottai_B is Rs 400 per sq.ft, while Sankar Nagar's 2024 value is below this median.

What are the stamp duty rates for property in Sankar Nagar?

The stamp duty for property in Sankar Nagar is charged at a rate of 7% on the guideline value or the sale price, whichever is higher.

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

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