Guideline Value for SAKTHI MURUGAN NAGAR

Sakthi Murugan Nagar guideline value

The current guideline value of Sakthi Murugan Nagar, located in Thachoor_2 village under the Ponneri SRO, is Rs 800 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Sakthi Murugan Nagar has changed

Over the years, the guideline value for Sakthi Murugan Nagar has undergone significant changes. The register has no figure for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 200 per sq.ft, which increased dramatically by 300% to Rs 800 per sq.ft in the 2024 revision.

The 2024 revision marks a notable increase from the previous year, reflecting a substantial change in the guideline value. The current figure of Rs 800 per sq.ft is indicative of the ongoing adjustments in the property valuation in this area.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 202 to Rs 1,800 per sq.ft, with a median value of Rs 600 per sq.ft. The guideline value for Sakthi Murugan Nagar is above this median, indicating a higher valuation compared to many other streets in the village.

• Singapur Estate Phase I,II&iii: Rs 800 per sq.ft (2024)
• Sowbakya Nagar: Rs 400 per sq.ft (2024)
• Prakash Avenue: Rs 400 per sq.ft (2024)
• Sri Balamurugan Nagar: Rs 400 per sq.ft (2024)
• Sri Balasubramaniam Nagar: Rs 800 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, leading to a total of Rs 72,000 for these charges. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Sakthi Murugan Nagar?

The Sub Registrar Office that covers Sakthi Murugan Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value plays a crucial role when buying or selling property in Thachoor_2. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When registering a property, the guideline value is considered to ensure that the transaction reflects fair valuation. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Sakthi Murugan Nagar?

The current guideline value of Sakthi Murugan Nagar is Rs 800 per sq.ft as per the 2024 revision effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 300% from Rs 200 per sq.ft in 2023 to Rs 800 per sq.ft in 2024.

What is the land classification for Sakthi Murugan Nagar?

Sakthi Murugan Nagar falls under the Residential Class I Type - I land classification.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the stamp duty calculated for properties in Sakthi Murugan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 8,00,000, the stamp duty would be Rs 56,000 at 7%.