Guideline Value for Singara Thirunagar

Singara Thirunagar guideline value

The current guideline value for Singara Thirunagar is Rs 1,075 per sq.ft, effective from 1 July 2024. This area is located in Sekkadu village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Singara Thirunagar has changed

Over the years, the guideline value for Singara Thirunagar has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in 2023. The most recent revision in 2024 has raised the value to Rs 1,075 per sq.ft, marking an 8% increase from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023 and saw a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sekkadu

In Sekkadu village, there are 56 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 930 to Rs 4,800 per sq.ft, with a median value of Rs 1,320 per sq.ft. The guideline value for Singara Thirunagar is below this median.

• Sekkadu Mettu Street II: Rs 930 per sq.ft (2024)
• Sekkadu Mettu Street I: Rs 1,320 per sq.ft (2024)
• Sri Karthik Nagar: Rs 1,320 per sq.ft (2024)
• Sri Padmavathy Garden - I: Rs 1,510 per sq.ft (2024)
• Sanjeevi Nagar: Rs 1,320 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 1,075 per sq.ft (2024)

Stamp duty and registration fee for property in Singara Thirunagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,075 per sq.ft, the total guideline value would be Rs 10,75,000. The stamp duty at 7% would amount to Rs 75,250, and the registration fee at 2% would be Rs 21,500, bringing the total fees to Rs 96,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more accurate estimates.

Which Sub Registrar Office covers Singara Thirunagar?

Singara Thirunagar falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Sekkadu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it may influence the sale price. Buyers and sellers should be aware that the guideline value can vary between different streets within the same locality, impacting the overall transaction.

Frequently asked questions

What is the current guideline value of Singara Thirunagar?

The current guideline value of Singara Thirunagar is Rs 1,075 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase being from Rs 1,000 per sq.ft in 2023 to Rs 1,075 per sq.ft in 2024. The value has also increased by 49% from 2017 to 2023.

What is the land classification of Singara Thirunagar?

Singara Thirunagar is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Singara Thirunagar?

The Sub Registrar Office covering Singara Thirunagar is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Singara Thirunagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,75,000, the stamp duty at 7% would be Rs 75,250.