Guideline Value for Shanmuga Nagar Annexe

Shanmuga Nagar Annexe guideline value

The current guideline value of Shanmuga Nagar Annexe is Rs 2,420 per sq.ft, effective from 1 July 2024. This area is located in Noombal village, under the Kunrathur SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Shanmuga Nagar Annexe has changed

The guideline value for Shanmuga Nagar Annexe has seen significant changes over the years. In 2003, the guideline value was Rs 154 per sq.ft, which increased dramatically to Rs 1,474 per sq.ft in 2017, marking an increase of 857%. Following this, the value rose to Rs 2,200 per sq.ft in 2023, reflecting a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 2,420 per sq.ft, which is a 10% increase from 2023.

There are no figures available for the years 2002, 2007, and 2012 for this street. Overall, the guideline value has increased by 1,471% from 2003 to 2024.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, making the 2024 figure for Shanmuga Nagar Annexe above this median.

• Shanmuga Nagar: Rs 2,420 per sq.ft (2024)
• Seriya Street: Rs 2,090 per sq.ft (2024)
• Serasa Eden: Rs 4,290 per sq.ft (2024)
• S.H.M. Nagar: Rs 2,090 per sq.ft (2024)
• Selva Ganapathy Nagar: Rs 2,090 per sq.ft (2024)
• Sokkalingam Nagar: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Shanmuga Nagar Annexe

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, while the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Shanmuga Nagar Annexe?

The Shanmuga Nagar Annexe is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is an essential factor during the registration of property transactions in Noombal. It serves as a reference point for determining the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline value or the sale price, whichever is higher.

When buying or selling property in Noombal, it is crucial to be aware of the guideline value, as it directly impacts the financial obligations involved in the registration process. Buyers and sellers should ensure that they are informed of the current guideline values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Shanmuga Nagar Annexe?

The current guideline value of Shanmuga Nagar Annexe is Rs 2,420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased significantly from Rs 154 per sq.ft in 2003 to Rs 2,420 per sq.ft in 2024, marking an overall increase of 1,471% over this period.

What are the stamp duty and registration fees for property in Shanmuga Nagar Annexe?

For a 1,000 sq.ft plot, the total guideline value is Rs 24,20,000. The stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office covers Shanmuga Nagar Annexe?

The Kunrathur Sub Registrar Office covers Shanmuga Nagar Annexe, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of the current guideline value to ensure accurate financial planning during the registration process.