Guideline Value for Singai Prakash Garden

Singai Prakash Garden guideline value

The current guideline value of Singai Prakash Garden is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Nandambakkam village under the Padappai SRO, classified as Residential Special Type - I.

How the guideline value of Singai Prakash Garden has changed

The guideline value of Singai Prakash Garden has undergone several revisions over the years. In 2012, the guideline value was set at Rs 900 per sq.ft. This figure decreased to Rs 603 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 900 per sq.ft, followed by a further increase to Rs 990 per sq.ft in 2024, reflecting a 10% rise.

Between the 2023 and 2024 revisions, the guideline value increased by 10%. Overall, from 2012 to 2024, the guideline value rose by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nandambakkam

Nandambakkam has a total of 94 streets under the Padappai SRO, with 2024 guideline values ranging from Rs 440 to Rs 2,300 per sq.ft. The median guideline value in this area is Rs 880 per sq.ft, placing Singai Prakash Garden's 2024 figure above that median.

• Shoba Evergreens: Rs 1,870 per sq.ft (2024)
• SKS Avenue: Rs 990 per sq.ft (2024)
• Senthil Garden Extension: Rs 1,320 per sq.ft (2024)
• Senthil Garden: Rs 990 per sq.ft (2024)
• Sri Arunachala Nagar: Rs 990 per sq.ft (2024)
• Selvaganapathy Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Singai Prakash Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total cost for these fees to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Singai Prakash Garden?

The Sub Registrar Office that covers Singai Prakash Garden is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Nandambakkam. It serves as the basis for calculating stamp duty and registration fees, which are mandatory during the buying or selling of property.

Frequently asked questions

What is the current guideline value of Singai Prakash Garden?

The current guideline value of Singai Prakash Garden is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has fluctuated, starting from Rs 900 per sq.ft, dropping to Rs 603 per sq.ft in 2017, and then increasing to Rs 900 per sq.ft in 2023. The latest revision in 2024 raised it to Rs 990 per sq.ft.

What is the land classification of Singai Prakash Garden?

Singai Prakash Garden is classified as Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Singai Prakash Garden?

The Sub Registrar Office for Singai Prakash Garden is located at Padappai Sub Registrar Office, 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Singai Prakash Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%.