Guideline Value for SAKTHI GARDEN

Sakthi Garden guideline value

The current guideline value of Sakthi Garden in Kizhnallathur & Melnallathur village is Rs 1,201 per sq.ft, effective from 1 July 2024. This area falls under the Manavalanagar SRO and is classified as Residential Special Type - III.

How the guideline value of Sakthi Garden has changed

The guideline value for Sakthi Garden has remained consistent in recent revisions. The register shows no figures for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 1,201 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

From the 2023 revision to the 2024 revision, there was a change of +0%. This consistency in the guideline value reflects stability in the property classification for this area.

Guideline values in Kizhnallathur & Melnallathur

Kizhnallathur & Melnallathur village has a total of 67 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Sakthi Garden's 2024 figure above this median.

• Sai Sundaram Nagar: Rs 226 per sq.ft (2024)
• Sai Santhosh Nagar: Rs 226 per sq.ft (2024)
• Sai Nagar: Rs 300 per sq.ft (2024)
• Rp Nagar: Rs 250 per sq.ft (2024)
• Sankarachariyar Nagar: Rs 350 per sq.ft (2024)
• Shanmugam Nagar: Rs 226 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 1,201 per sq.ft, the total guideline value would be Rs 12,01,000. The stamp duty at 7% would amount to Rs 84,070, and the registration fee at 2% would be Rs 24,020, bringing the total cost for these fees to Rs 1,08,090. Please note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Garden?

The Sub Registrar Office that covers Sakthi Garden is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is a crucial factor in the registration process when buying or selling property in Kizhnallathur & Melnallathur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is compliant with local regulations. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Sakthi Garden?

The current guideline value of Sakthi Garden is Rs 1,201 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sakthi Garden has remained at Rs 1,201 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sakthi Garden?

Sakthi Garden is classified as Residential Special Type - III under the current land classification.

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

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,08,090.

Where is the Sub Registrar Office for Sakthi Garden located?

The Sub Registrar Office covering Sakthi Garden is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.