Guideline Value for Sindhu Nagar

Sindhu Nagar guideline value

The current guideline value of Sindhu Nagar, located in Mannivakkam village under the Gooduvancheri SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Sindhu Nagar has changed

The guideline value for Sindhu Nagar has undergone several revisions over the years. In 2007, the rate was Rs 300 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012, marking a 300% rise. However, between 2012 and 2017, the value decreased to Rs 804 per sq.ft, reflecting a decline of 33%. The value then rose to Rs 1,200 per sq.ft in 2023, and most recently, it has increased by 10% to the current rate of Rs 1,320 per sq.ft from July 2024. The register does not contain figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from the 2007 revision to the current 2024 rate, there has been a remarkable increase of 340% in the guideline value.

Guideline values in Mannivakkam

Mannivakkam village has a total of 118 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 4,300 per sq.ft. The median guideline value for these streets is Rs 1,215 per sq.ft, placing Sindhu Nagar's 2024 figure above this median.

• Singaram Nagar: Rs 1,320 per sq.ft (2024)
• Sivan Koil East Mada Veethi: Rs 990 per sq.ft (2024)
• Sivan Koil North Mada Veethi: Rs 990 per sq.ft (2024)
• Sivan Koil South Mada Veethi: Rs 990 per sq.ft (2024)
• Sivan Koil West Mada Veethi: Rs 990 per sq.ft (2024)
• Sivapriya Avenue: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sindhu 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, while the registration fee at 2% would be Rs 26,400, bringing the total fees to 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sindhu Nagar?

The Sub Registrar Office covering Sindhu Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mannivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Sindhu Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 300 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 13,20,000. The stamp duty is Rs 92,400, and the registration fee is Rs 26,400, totaling Rs 1,18,800.

Which Sub Registrar Office covers Sindhu Nagar?

The Gooduvancheri Sub Registrar Office covers Sindhu Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification for Sindhu Nagar?

The land classification for Sindhu Nagar is Residential Special Type - III, indicating its designated use for residential purposes.