Guideline Value for Singaram Nagar

Singaram Nagar guideline value

The current guideline value of Singaram Nagar, located in Gooduvancheri village under the Gooduvancheri SRO, is Rs 1,200 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Singaram Nagar has changed

The guideline value for Singaram Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded the guideline value at Rs 1,200 per sq.ft. The latest revision in 2024 has kept the value consistent at Rs 1,200 per sq.ft, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 49% as well. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for Singaram Nagar is below this median.

• Sirpi Nagar (part - I): Rs 1,500 per sq.ft (2024)
• Sirpi Nagar (Part - II): Rs 1,500 per sq.ft (2024)
• Shyam Nagar: Rs 1,200 per sq.ft (2024)
• Shunmugam Nagar Phase I: Rs 1,200 per sq.ft (2024)
• Shunmugam Nagar: Rs 1,000 per sq.ft (2024)
• Shankar Ganesh Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Singaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, totaling Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Singaram Nagar?

Singaram Nagar falls under the jurisdiction of 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 Gooduvancheri

The guideline value plays a crucial role in the registration process of property transactions in Gooduvancheri. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of Singaram Nagar?

The current guideline value of Singaram Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Singaram Nagar has remained at Rs 1,200 per sq.ft from 2023 to 2024, with a significant increase of 49% from Rs 804 per sq.ft in 2017 to 2023.

What is the land classification for Singaram Nagar?

Singaram Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.

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 in Singaram Nagar?

Stamp duty in Singaram Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at 7%.