Guideline Value for Singara Thotham

Singara Thotham guideline value

The current guideline value of Singara Thotham is Rs 2,000 per sq.ft, as per the 2023 revision. This area falls under Vandalur village and is registered with the Gooduvancheri SRO. The land classification for this street is Mixed Special Type - I.

How the guideline value of Singara Thotham has changed

The guideline value of Singara Thotham has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2012 revision, marking an increase of 264%. However, the 2017 revision saw a decrease to Rs 1,340 per sq.ft, which was a decline of 33%. The most recent revision in 2023 brought the value back up to Rs 2,000 per sq.ft, representing a 49% increase from 2017.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 264%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO. Singara Thotham is the only street mentioned in the available data.

Stamp duty and registration fee for property in Singara Thotham

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000. Therefore, the total cost for stamp duty and registration fee would be Rs 1,80,000. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Singara Thotham?

The Sub Registrar Office that covers Singara Thotham 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 must be paid during the transaction.

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 in the area.

Frequently asked questions

What is the current guideline value of Singara Thotham?

The current guideline value of Singara Thotham is Rs 2,000 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 2,000 per sq.ft in 2012, then decreased to Rs 1,340 per sq.ft in 2017, and returned to Rs 2,000 per sq.ft in 2023.

What is the land classification for Singara Thotham?

Singara Thotham is classified as Mixed Special Type - I according to the land classification data.

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?

Stamp duty for properties in Singara Thotham is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot valued at Rs 20,00,000 would incur a stamp duty of Rs 1,40,000 at 7%.