Guideline Value for Sindhu Nagar

Sindhu Nagar guideline value

The current guideline value of Sindhu Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Salavakkam village, under the Salavakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sindhu Nagar has changed

Since the 2017 revision, the guideline value for Sindhu Nagar has increased from Rs 134 per sq.ft to Rs 200 per sq.ft in the 2024 revision, marking a total increase of 49%. The 2023 revision also recorded a guideline value of Rs 200 per sq.ft, indicating no change from the previous year.

The register has no figure for Sindhu Nagar for the years 2002, 2003, 2007, and 2012. Therefore, the only available figures are from the revisions in 2017, 2023, and 2024.

Guideline values in Salavakkam

Within Salavakkam, there are 38 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 250 per sq.ft, with a median value of Rs 150 per sq.ft. Sindhu Nagar's 2024 figure is above this median.

• Sindhu Nagar Phase-I: Rs 100 per sq.ft (2024)
• Salavakkam Colony Mettu Street: Rs 102 per sq.ft (2024)
• Salavakkam Colony Dhedeer Nagar: Rs 102 per sq.ft (2024)
• Salavakkam Colony Bazani Kovil Street: Rs 101 per sq.ft (2024)
• Reddy Street: Rs 175 per sq.ft (2024)
• Sri Venkateshwara Nagar: Rs 200 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 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, totaling Rs 18,000. Duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sindhu Nagar?

The Sub Registrar Office that covers Sindhu Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. To find your SRO, click here.

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

The guideline value plays a crucial role during the registration of property transactions in Salavakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized and documented.

When buying or selling property, the guideline value is referenced to ascertain the applicable fees, which are calculated based on the higher of the guideline value or the sale price. This helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Sindhu Nagar?

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

How has the guideline value changed over the years?

The guideline value increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in both 2023 and 2024, showing a total increase of 49% since 2017.

What is the land classification for Sindhu Nagar?

Sindhu Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sindhu Nagar located?

The Sub Registrar Office for Sindhu Nagar is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.