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Guideline Value

Corporate

Guideline Value for New Street, Sri Sakthi Nagar

₹6000/sq.ft.

The guideline value for New Street, Sri Sakthi Nagar in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 6000 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹6000 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on New Street, Sri Sakthi Nagar

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New Street, Sri Sakthi Nagar guideline value

The current guideline value of New Street, Sri Sakthi Nagar is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, and it is classified as Residential Special Type - II.

How the guideline value of New Street, Sri Sakthi Nagar has changed

The guideline value for New Street, Sri Sakthi Nagar has undergone several revisions over the years. The oldest revision recorded is from 2017, with a guideline value of Rs 3,685 per sq.ft. This figure increased to Rs 5,500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 6,000 per sq.ft, reflecting an increase of 9% from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 63%.

Guideline values in Arumbakkam

In Arumbakkam, there are a total of 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,000 per sq.ft, which is equal to the 2024 figure for New Street, Sri Sakthi Nagar.

Stamp duty and registration fee for property in New Street, Sri Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total cost to Rs 5,40,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Street, Sri Sakthi Nagar?

The Sub Registrar Office that covers New Street, Sri Sakthi Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for property transactions.

When you register a property, the authorities will assess the guideline value to determine the applicable fees. This ensures that the transaction is recorded accurately and legally, providing a clear record of ownership.

Frequently asked questions

What is the current guideline value of New Street, Sri Sakthi Nagar?

The current guideline value of New Street, Sri Sakthi Nagar is Rs 6,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 63%, rising from Rs 3,685 per sq.ft to Rs 6,000 per sq.ft.

What is the registration office for New Street, Sri Sakthi Nagar?

The registration office for New Street, Sri Sakthi Nagar is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in this area?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 60,00,000 would incur a stamp duty of Rs 4,20,000.

Are there other streets with lower guideline values in Arumbakkam?

Yes, there are other streets in Arumbakkam with lower guideline values. For instance, New Natarajapuram Street has a guideline value of Rs 5,000 per sq.ft, while several streets in N.S.K. Nagar have a value of Rs 4,400 per sq.ft.