Guideline Value for SACHIN NAGAR

Sachin Nagar guideline value

The current guideline value of Sachin Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Karunakacherry village under the Salavakkam SRO and is classified as Residential Class I Type - I.

How the guideline value of Sachin Nagar has changed

Over the years, the guideline value of Sachin Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2024 revision. The 2017 revision marked a significant increase to Rs 67 per sq.ft, reflecting a 49% increase from the previous revision. However, from 2012 to 2017, there was a decrease of 33% in the guideline value. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the value remained stable at Rs 100 per sq.ft. The most recent revision in 2024 again set the guideline value at Rs 100 per sq.ft, resulting in no overall change from 2012 to 2024.

Guideline values in Karunakacherry

In Karunakacherry, there are 10 streets under the Salavakkam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 200 per sq.ft. The median value for these streets is Rs 100 per sq.ft, which is the same as the guideline value for Sachin Nagar.

• Sachin Nagar Extension: Rs 100 per sq.ft (2024)
• New Laural Nagar Extension: Rs 151 per sq.ft (2024)
• New Laural Nagar: Rs 151 per sq.ft (2024)
• Sri Vijayalakshmi Nagar: Rs 150 per sq.ft (2024)
• Subiksha Gardens: Rs 100 per sq.ft (2024)
• Muthamil Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sachin Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important 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 Sachin Nagar?

The Sachin Nagar area falls under the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Karunakacherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it affects the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Sachin Nagar?

The current guideline value of Sachin Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since 2012, with a notable decrease to Rs 67 per sq.ft in 2017. However, it returned to Rs 100 per sq.ft in 2023 and has remained unchanged in 2024.

Which Sub Registrar Office covers Sachin Nagar?

The Salavakkam Sub Registrar Office covers Sachin Nagar, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs amount to Rs 9,000.

Where can I find more information about guideline values in Karunakacherry?

For more details about guideline values in Karunakacherry, you can refer to the Registration Department's guideline value register (TNReginet).