Guideline Value for SAKTHI GARDEN

Sakthi Garden guideline value

The current guideline value of Sakthi Garden, located in Thozhuvur village under the Tiruvallur Joint 1 SRO, is Rs 300 per sq.ft. This value was established in the 2023 revision. The land classification for this area is Residential Class III Type - II.

How the guideline value of Sakthi Garden has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the guideline value increased by 49%, bringing it back up to Rs 300 per sq.ft in the latest revision.

Overall, from 2012 to 2023, the guideline value has not changed, remaining at Rs 300 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Thozhuvur

Currently, there are no specific village figures provided for Thozhuvur. Sakthi Garden is one of the streets under the Tiruvallur Joint 1 SRO.

Stamp duty and registration fee for property in Sakthi Garden

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Garden?

The Sub Registrar Office that covers Sakthi Garden is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor in the registration process of property transactions in Thozhuvur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the authorities.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sakthi Garden?

The current guideline value of Sakthi Garden is Rs 300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value decreased from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased back to Rs 300 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Sakthi Garden?

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

Are there any other streets in Thozhuvur with guideline values?

No specific figures for other streets in Thozhuvur have been provided. Sakthi Garden is the only street mentioned under the Tiruvallur Joint 1 SRO.