Guideline Value for Sindhu Nagar

Sindhu Nagar guideline value

The current guideline value of Sindhu Nagar, located in Karasangal village under the Sriperumpudur SRO, is Rs 700 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Sindhu Nagar has changed

Over the years, the guideline value for Sindhu Nagar has seen several revisions. The 2007 revision set the value at Rs 130 per sq.ft, which increased significantly to Rs 700 per sq.ft in the 2012 revision. However, from 2012 to 2017, there was a decrease of 33%, bringing it down to Rs 469 per sq.ft. The value then rose by 49% to Rs 700 per sq.ft in the 2023 revision, remaining unchanged in the 2024 revision.

Notably, the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 438%.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 3,550 per sq.ft, with a median value of Rs 402 per sq.ft. Sindhu Nagar's 2024 figure of Rs 700 per sq.ft is above this median.

• Sigaram Avenue: Rs 1,500 per sq.ft (2024)
• Sowntharapandiyan Nagar: Rs 800 per sq.ft (2024)
• Selva Vinayagar Koil Street: Rs 250 per sq.ft (2024)
• RPG Gopika garden: Rs 150 per sq.ft (2024)
• Royal Homes: Rs 400 per sq.ft (2024)
• Rathees City: Rs 600 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 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees together to Rs 63,000. It is important to note that the 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 information.

Which Sub Registrar Office covers Sindhu Nagar?

The Sub Registrar Office that covers Sindhu Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Karasangal. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property sale.

When a property is sold, the guideline value is compared to 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 from property transactions.

Frequently asked questions

What is the current guideline value of Sindhu Nagar?

The current guideline value of Sindhu Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 130 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, then decreased to Rs 469 per sq.ft in 2017, and returned to Rs 700 per sq.ft in 2023 and 2024.

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

For a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000, and the registration fee would be Rs 14,000, totaling Rs 63,000.

Which Sub Registrar Office covers Sindhu Nagar?

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

What is the land classification for Sindhu Nagar?

The land classification for Sindhu Nagar is Mixed Type - I, which indicates the type of land use permitted in the area.