Guideline Value for sarmaingala nagar 2nd santhu

Sarmaingala Nagar 2nd Santhu guideline value

The current guideline value of Sarmaingala Nagar 2nd Santhu is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Sarmaingala Nagar 2nd Santhu has changed

The guideline value for Sarmaingala Nagar 2nd Santhu has undergone several revisions over the years. In 2012, the value was Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and finally rose to Rs 2,750 per sq.ft in 2024, marking a 10% increase from the previous year. It is important to note that the register has no figures for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase.

Guideline values in Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value is Rs 1,650 per sq.ft, placing Sarmaingala Nagar 2nd Santhu's 2024 figure above this median.

• Sarmaingala Nagar 1st Santhu: Rs 2,750 per sq.ft (2024)
• Sarma nagar 1st street: Rs 4,400 per sq.ft (2024)
• Sarma Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Sarma Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Sarvamangala Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Sarvamangala Nagar 3rd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sarmaingala Nagar 2nd Santhu

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, resulting in a total of Rs 2,47,500. It is essential to note that the 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 accurate calculations.

Which Sub Registrar Office covers Sarmaingala Nagar 2nd Santhu?

The Sarmaingala Nagar 2nd Santhu area falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration of property transactions in Chitlapakkam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. This ensures that the transaction is recorded at a value that reflects the current market conditions as defined by the local authorities.

When selling or purchasing property, it is essential to be aware of the guideline value, as it can influence the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the latest revisions to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sarmaingala Nagar 2nd Santhu?

The current guideline value of Sarmaingala Nagar 2nd Santhu is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Sarmaingala Nagar 2nd Santhu?

Sarmaingala Nagar 2nd Santhu is classified as Residential Class I Type - II.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles registrations for Sarmaingala Nagar 2nd Santhu?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Sarmaingala Nagar 2nd Santhu, located at No.26, Mes Road, East Tambaram, Chennai-600059.