Guideline Value for SAKTHI GARDEN

Sakthi Garden guideline value

The current guideline value of Sakthi Garden, located in Kakkalur village, is Rs 626 per sq.ft, effective from 1 July 2024. This area falls under the Tiruvallur Joint 1 SRO and is classified as Residential Class II Type - III.

How the guideline value of Sakthi Garden has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft. This figure decreased to Rs 419 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to the 2023 revision, there was a significant increase of 49%, bringing the value back to Rs 626 per sq.ft. The 2023 revision maintained this value into the 2024 revision, resulting in no percentage change between these two years.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained effectively unchanged at Rs 626 per sq.ft.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value is Rs 626 per sq.ft, which is equal to the current rate for Sakthi Garden.

• Sakthi Nagar: Rs 626 per sq.ft (2024)
• Sai Nagar: Rs 626 per sq.ft (2024)
• Sai Mount View Avenue: Rs 626 per sq.ft (2024)
• Samanthi Street: Rs 626 per sq.ft (2024)
• Sambanki Poo Street: Rs 626 per sq.ft (2024)
• Sampath Avenue: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total fees to Rs 56,340. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sakthi Garden?

The Sakthi Garden area is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kakkalur. It is used to determine the stamp duty and registration fees during the buying or selling process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is compared against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are accurately recorded and taxed.

Frequently asked questions

What is the current guideline value of Sakthi Garden?

The current guideline value of Sakthi Garden is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sakthi Garden has changed from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, then increased to Rs 626 per sq.ft in both 2023 and 2024.

What are the stamp duty rates for properties in Sakthi Garden?

The stamp duty for properties in Sakthi Garden is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 6,26,000, the stamp duty would be Rs 43,820.

Which office handles property registrations in Sakthi Garden?

The Tiruvallur Joint 1 Sub Registrar Office handles property registrations in Sakthi Garden, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

What is the land classification of Sakthi Garden?

Sakthi Garden is classified as Residential Class II Type - III, indicating its suitability for residential development within the area.