Guideline Value for Sanumuga Nagar

Sanumuga Nagar guideline value

The current guideline value of Sanumuga Nagar, located in Pozhichalur village, under the Pammal SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

How the guideline value of Sanumuga Nagar has changed

The guideline value for Sanumuga Nagar has seen significant changes over the years. The 2007 revision recorded a value of Rs 400 per sq.ft, which increased to Rs 804 per sq.ft in 2017, marking a 101% rise. The value then rose to Rs 1,200 per sq.ft in 2023, representing a 49% increase from the previous revision. The current guideline value of Rs 1,320 per sq.ft in 2024 reflects a 10% increase from the 2023 figure.

There are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which is equal to the current guideline value of Sanumuga Nagar.

• Sathavarayan Koil Street: Rs 1,100 per sq.ft (2024)
• Sathish Nagar: Rs 1,100 per sq.ft (2024)
• Sathish Nagar Veerasamy Street: Rs 1,100 per sq.ft (2024)
• Samanathar Street: Rs 1,650 per sq.ft (2024)
• Shankaralingam Street: Rs 1,100 per sq.ft (2024)
• Roja Street (4): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sanumuga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sanumuga Nagar?

The Sub Registrar Office that covers Sanumuga Nagar 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 Pozhichalur

The guideline value is a crucial factor in property transactions in Pozhichalur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. This value helps streamline transactions and provides a clear framework for property valuation.

Frequently asked questions

What is the current guideline value of Sanumuga Nagar?

The current guideline value of Sanumuga Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 230% over this period.

What are the other streets in Pozhichalur and their guideline values?

Other streets in Pozhichalur include Sathavarayan Koil Street, Sathish Nagar, Sathish Nagar Veerasamy Street, Samanathar Street, Shankaralingam Street, and Roja Street (4), with guideline values ranging from Rs 1,100 to Rs 1,650 per sq.ft in 2024.

How is stamp duty calculated in Sanumuga Nagar?

Stamp duty in Sanumuga Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 13,20,000, the stamp duty would be Rs 92,400.

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

The Sub Registrar Office for Sanumuga Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details by visiting the relevant link.