Guideline Value for SAKTHI ENCLAVE

Sakthi Enclave guideline value

The current guideline value of Sakthi Enclave, located in Thandalam village under the Sriperumpudur SRO, is Rs 800 per sq.ft, effective from 1 July 2024. This area falls under the land classification of Industries Type - I.

How the guideline value of Sakthi Enclave has changed

The guideline value for Sakthi Enclave has remained consistent at Rs 800 per sq.ft for both the 2023 and 2024 revisions. Prior to this, there are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

Thus, the only recorded changes in guideline value for Sakthi Enclave occurred between the 2023 and 2024 revisions, which showed no percentage increase, maintaining the value at Rs 800 per sq.ft.

Guideline values in Thandalam

In Thandalam, there are 36 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,800 per sq.ft, with a median value of Rs 400 per sq.ft. The guideline value of Sakthi Enclave is above this median, reflecting its unique classification and location.

• Regency Park: Rs 505 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 400 per sq.ft (2024)
• Rajiv Gandhi Main Road: Rs 505 per sq.ft (2024)
• Rajeswari Nagar: Rs 400 per sq.ft (2024)
• Rajalakshmi Nagar: Rs 400 per sq.ft (2024)
• Sipcot Industrial Park: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total 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, bringing the total fees to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Enclave?

The Sub Registrar Office covering Sakthi Enclave is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property in Sakthi Enclave, understanding the guideline value is essential, as it impacts the overall cost of the transaction. This ensures compliance with local regulations and accurate financial planning for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Sakthi Enclave?

The current guideline value of Sakthi Enclave is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 800 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Sakthi Enclave?

Sakthi Enclave is classified under Industries Type - I, which reflects its zoning and intended land use.

What are the stamp duty and registration fees for property in Sakthi Enclave?

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. The duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Sakthi Enclave?

The Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone, handles registrations for Sakthi Enclave.