Guideline Value for Sindhiya Nagar

Sindhiya Nagar guideline value

The current guideline value of Sindhiya Nagar, located in Kaduvancheri village under the Sriperumpudur SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sindhiya Nagar has changed

Over the years, the guideline value of Sindhiya Nagar has seen several revisions. The earliest recorded value in 2012 was Rs 200 per sq.ft, which remained unchanged in the subsequent revision in 2023. However, from 2017, there was a significant increase of 49%, with the value rising from Rs 134 per sq.ft to Rs 200 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

The current guideline value of Rs 200 per sq.ft, effective from 1 July 2024, shows no change from the previous year, maintaining the same rate as in 2023. Overall, comparing the values from 2012 to 2024, there has been a net change of 0%.

Guideline values in Kaduvancheri

Kaduvancheri village features a range of guideline values across its 37 streets under the Sriperumpudur SRO, with rates varying from Rs 100 to Rs 1,500 per sq.ft. The median guideline value in the village is Rs 300 per sq.ft, indicating that Sindhiya Nagar's current value is below this median.

• Shri Sakthi Nagar: Rs 1,232 per sq.ft (2024)
• Sri A.T. Panneerselvam Nagar: Rs 300 per sq.ft (2024)
• Sri Iyappan Nagar (Sri Ayappa Nagar): Rs 250 per sq.ft (2024)
• Sri Ram Nagar: Rs 300 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 300 per sq.ft (2024)
• Thanga Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sindhiya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total cost for these fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sindhiya Nagar?

The Sub Registrar Office that covers Sindhiya 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kaduvancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a buyer or seller engages in a transaction, the guideline value is used to calculate applicable fees such as stamp duty and registration fees. This helps both parties understand the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Sindhiya Nagar?

The current guideline value of Sindhiya Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a notable increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for Sindhiya Nagar?

Sindhiya Nagar is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where is the Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at the guideline value of Rs 200 per sq.ft incurs a total fee of Rs 18,000.