Guideline Value for Sindhu Street(GANGA NAGAR)

Sindhu Street(GANGA NAGAR) guideline value

The current guideline value of Sindhu Street(GANGA NAGAR) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sindhu Street(GANGA NAGAR) has changed

The guideline value of Sindhu Street(GANGA NAGAR) has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 650 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 362% rise. However, it then decreased to Rs 2,010 per sq.ft in 2017, a decline of 33%. Following this, the value rose sharply to Rs 3,000 per sq.ft in 2023, and again to Rs 3,300 per sq.ft in 2024, reflecting a 10% increase from the previous year and a total increase of 49% from 2017.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 408%.

Guideline values in Moovarasampattu

In Moovarasampattu village, there are 68 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median guideline value is Rs 3,300 per sq.ft, which is the same as the current value for Sindhu Street(GANGA NAGAR).

• Sri Venkateshwara Nagar: Rs 3,300 per sq.ft (2024)
• Sababathi Nagar Main: Rs 3,300 per sq.ft (2024)
• Sababathi Nagar 4th Street: Rs 3,300 per sq.ft (2024)
• Sababathi Nagar 3rd Street: Rs 3,300 per sq.ft (2024)
• Sababathi Nagar 2nd Street: Rs 3,300 per sq.ft (2024)
• Sababathi Nagar 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sindhu Street(GANGA NAGAR)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, totaling Rs 2,97,000. 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 detailed calculations.

Which Sub Registrar Office covers Sindhu Street(GANGA NAGAR)?

The Sub Registrar Office that covers Sindhu Street(GANGA NAGAR) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Moovarasampattu. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a value recognized by the state.

When a property is sold, the guideline value helps to determine the minimum value at which the property can be registered. This ensures transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Sindhu Street(GANGA NAGAR)?

The current guideline value of Sindhu Street(GANGA NAGAR) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing a significant increase of 408% over the years.

What is the land classification for Sindhu Street(GANGA NAGAR)?

The land classification for Sindhu Street(GANGA NAGAR) is Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Sindhu Street(GANGA NAGAR)?

The Sub Registrar Office for Sindhu Street(GANGA NAGAR) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How are stamp duty and registration fees calculated for properties in Moovarasampattu?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000.