Guideline Value for Sankaralingam Street

Sankaralingam Street guideline value

The current guideline value of Sankaralingam Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Sankaralingam Street has changed

The guideline value for Sankaralingam Street has undergone several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision has set it at Rs 880 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%.

Guideline values in Kovilpathagai

Kovilpathagai village has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, placing Sankaralingam Street's 2024 figure above this median.

• Sannathi Street: Rs 880 per sq.ft (2024)
• Saraswathi Street: Rs 880 per sq.ft (2024)
• Sayabu Street: Rs 805 per sq.ft (2024)
• School Street: Rs 880 per sq.ft (2024)
• R.R.Nagar Extn (S.No.426/7): Rs 880 per sq.ft (2024)
• R.R .Nagar Extn.: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Sankaralingam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, resulting in a total of Rs 79,200. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sankaralingam Street?

The Sub Registrar Office covering Sankaralingam Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process of property transactions in Kovilpathagai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value affects the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sankaralingam Street?

The current guideline value of Sankaralingam Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Sankaralingam Street?

Sankaralingam Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find more information about stamp duty and registration fees?

For detailed information regarding stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which office handles the registration for Sankaralingam Street?

The registration for Sankaralingam Street is handled by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.