Guideline Value for Sumangali Nagar

Sumangali Nagar guideline value

The current guideline value of Sumangali Nagar is Rs 800 per sq.ft as per the 2023 revision. This area is located in Ponmar village and falls under the Gooduvancheri SRO. The land classification for this region is Residential Special Type - I.

How the guideline value of Sumangali Nagar has changed

The guideline value for Sumangali Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. However, this figure dropped to Rs 536 per sq.ft in the 2017 revision, marking a decrease of 33%. The most recent revision in 2023 saw a significant increase to Rs 800 per sq.ft, reflecting a 49% rise from the 2017 figure.

Overall, when comparing the 2012 revision to the 2023 revision, the guideline value remains unchanged at Rs 800 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. Sumangali Nagar is the only street mentioned under the Gooduvancheri SRO, and there are no other streets in Ponmar listed.

Stamp duty and registration fee for property in Sumangali Nagar

For a 1,000 sq.ft plot at the current rate of Rs 800 per sq.ft, the guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, totaling Rs 72,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sumangali Nagar?

The Sub Registrar Office covering Sumangali Nagar 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ponmar. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When you register a property, the guideline value will be considered alongside the sale price. The higher of the two values will determine the applicable stamp duty and registration fees, making it essential for buyers and sellers to be aware of the current guideline value.

Frequently asked questions

What is the current guideline value of Sumangali Nagar?

The current guideline value of Sumangali Nagar is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, and then increased back to Rs 800 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What is the land classification for Sumangali Nagar?

The land classification for Sumangali Nagar is Residential Special Type - I, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in Sumangali Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

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.