Guideline Value for Singara Thotham 7th Cross Street

Singara Thotham 7th Cross Street guideline value

The current guideline value of Singara Thotham 7th Cross Street is Rs 1,500 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Singara Thotham 7th Cross Street has changed

Over the years, the guideline value of Singara Thotham 7th Cross Street has seen several revisions. In the 2007 revision, the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a rise of 173%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The latest revision in 2023 brought the value back up to Rs 1,500 per sq.ft, reflecting an increase of 49% from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. It is important to note that the register has no figures for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, no specific village figures are available for Vandalur. Singara Thotham 7th Cross Street's guideline value is Rs 1,500 per sq.ft, placing it within the context of Vandalur's real estate landscape.

Stamp duty and registration fee for property in Singara Thotham 7th Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees together to Rs 1,35,000. 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 Singara Thotham 7th Cross Street?

The Sub Registrar Office that covers Singara Thotham 7th Cross Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Singara Thotham 7th Cross Street?

The current guideline value of Singara Thotham 7th Cross Street is Rs 1,500 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What is the land classification for Singara Thotham 7th Cross Street?

The land classification for Singara Thotham 7th Cross Street is Residential Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Singara Thotham 7th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,05,000.