Guideline Value for Sindhu Enclave

Sindhu Enclave guideline value

The current guideline value of Sindhu Enclave is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Panapakkam village under the Padappai SRO, and it falls under the Residential Special Type - I land classification.

How the guideline value of Sindhu Enclave has changed

The guideline value for Sindhu Enclave has seen several changes over the years. The 2012 revision set the value at Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 900 per sq.ft in 2023, and then rose again to Rs 990 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Panapakkam

In Panapakkam, there are 28 streets under the Padappai SRO that have a 2024 guideline value ranging from Rs 550 to Rs 990 per sq.ft, with a median value of Rs 770 per sq.ft. Sindhu Enclave's 2024 guideline value of Rs 990 per sq.ft is above this median.

• Sri Krishna Nagar: Rs 550 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 770 per sq.ft (2024)
• Srinivasa Perumal Nagar: Rs 660 per sq.ft (2024)
• Sri Sai Garden: Rs 880 per sq.ft (2024)
• Sri Vadapalani Murugan Nagar: Rs 770 per sq.ft (2024)
• Ram Prasath Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sindhu Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total charges to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sindhu Enclave?

The Sub Registrar Office covering Sindhu Enclave is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Panapakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration, ensuring that the transaction is recorded accurately in government records.

When a property is sold, the buyer and seller must refer to the guideline value to ascertain the applicable charges. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the current valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Sindhu Enclave?

The current guideline value of Sindhu Enclave is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Sindhu Enclave?

Sindhu Enclave is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Sindhu Enclave?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 990 per sq.ft incurs a total guideline value of Rs 9,90,000, leading to a stamp duty of Rs 69,300.