Guideline Value for Sindu Nagar

Sindu Nagar guideline value

The current guideline value of Sindu Nagar, located in Chennerkuppam village under the Kunrathur SRO, is Rs 1,540 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - II land classification.

How the guideline value of Sindu Nagar has changed

Over the years, the guideline value for Sindu Nagar has seen significant changes. The 2007 revision set the value at Rs 500 per sq.ft, which increased dramatically to Rs 1,400 per sq.ft in 2012, marking a 180% rise. However, the value decreased to Rs 938 per sq.ft in 2017, reflecting a 33% drop. The subsequent revisions saw the value rise again to Rs 1,400 per sq.ft in 2023, and most recently to Rs 1,540 per sq.ft in 2024, a 10% increase from the previous year. The register has no figure for this street in 2002 and 2003.

From the 2017 revision of Rs 938 per sq.ft to the current 2024 figure of Rs 1,540 per sq.ft, there has been an overall increase of 49%. When considering the overall change from the 2007 revision to the 2024 revision, the guideline value has increased by 208%.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO, with guideline values for 2024 ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is equal to the current guideline value of Sindu Nagar.

• Sippai Nagar: Rs 1,430 per sq.ft (2024)
• Sokkammal Nagar: Rs 1,430 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 1,320 per sq.ft (2024)
• Sri Ambal Nagar: Rs 1,540 per sq.ft (2024)
• Sri Ambal Nagar Lakshmi Avenue: Rs 1,540 per sq.ft (2024)
• Selva Ganapathi Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Sindu Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would amount to Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. 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 Sindu Nagar?

The Sub Registrar Office that covers Sindu Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a critical role when buying or selling property in Chennerkuppam. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the guideline value is the basis for these fees, ensuring that the government receives the appropriate revenue from property transactions.

When registering a property, 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 registration process is transparent and that the value of the property is accurately reflected in the official records.

Frequently asked questions

What is the current guideline value of Sindu Nagar?

The current guideline value of Sindu Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 500 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 208%.

What is the median guideline value in Chennerkuppam?

The median guideline value for streets in Chennerkuppam is Rs 1,540 per sq.ft, which is the same as the current guideline value of Sindu Nagar.

What are the stamp duty and registration fees for Sindu Nagar?

For a plot of 1,000 sq.ft, the total guideline value is Rs 15,40,000, leading to a stamp duty of Rs 1,07,800 and a registration fee of Rs 30,800, totaling Rs 1,38,600.

Where can I find the Sub Registrar Office for Sindu Nagar?

The Sub Registrar Office for Sindu Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information online.