Guideline Value for Sankaralinganar Street

Sankaralinganar Street guideline value

The current guideline value of Sankaralinganar Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sankaralinganar Street has changed

The guideline value for Sankaralinganar Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,675 per sq.ft, which increased to Rs 2,500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 has further increased the value to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO with a 2024 guideline value range from Rs 1,100 to Rs 4,800 per sq.ft. The median value is Rs 2,200 per sq.ft, making Sankaralinganar Street's current value above the median.

• Samundeeswari Nagar: Rs 1,980 per sq.ft (2024)
• Sakthi Nagar Avenue: Rs 2,750 per sq.ft (2024)
• Sathiyavani Muthu Street: Rs 1,980 per sq.ft (2024)
• Sai Avenue: Rs 1,980 per sq.ft (2024)
• Royal Vila: Rs 1,980 per sq.ft (2024)
• Roja Avenue: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sankaralinganar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Sankaralinganar Street?

The Sub Registrar Office that covers Sankaralinganar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Kerugambakkam

The guideline value is a crucial factor in property registration in Kerugambakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government collects the appropriate taxes on property transactions.

When buying or selling property, the guideline value helps establish a fair price for registration purposes. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sankaralinganar Street?

The current guideline value of Sankaralinganar Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Sankaralinganar Street?

Sankaralinganar Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Sankaralinganar Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at a rate of 7%.