Guideline Value for SAKTHI NAGAR (PER)

Sakthi Nagar (Per) guideline value

The current guideline value of Sakthi Nagar (Per), located in Peramanoor village under the Chengleput Joint II SRO, is Rs 661 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Sakthi Nagar (Per) has changed

The guideline value for Sakthi Nagar (Per) has seen several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 402 per sq.ft, marking a decrease of 33%. In 2023, the value increased to Rs 600 per sq.ft, and the most recent revision in 2024 has raised it to Rs 661 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Sakthi Nagar (Per) below this median.

• Samidass Street (N): Rs 661 per sq.ft (2024)
• Sampath Nagar (Kr): Rs 550 per sq.ft (2024)
• Sangamithirai Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Sanjay Nagar: Rs 550 per sq.ft (2024)
• Sanjeevi Nagar (Ward -17): Rs 661 per sq.ft (2024)
• Sankarandas Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar (Per)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value amounts to Rs 6,61,000. The stamp duty at 7% would be Rs 46,270, and the registration fee at 2% would be Rs 13,220, making the total cost for these fees Rs 59,490. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Nagar (Per)?

The Sub Registrar Office covering Sakthi Nagar (Per) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Peramanoor. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The value is essential for ensuring that the transaction is recorded accurately in the government records.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sakthi Nagar (Per)?

The current guideline value of Sakthi Nagar (Per) is Rs 661 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification for Sakthi Nagar (Per)?

Sakthi Nagar (Per) is classified as Residential Class I Type - III, indicating its suitability for residential purposes.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. It is the office responsible for property registrations in this area.

How is the stamp duty calculated in Sakthi Nagar (Per)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 6,61,000, the stamp duty would be Rs 46,270 at 7%.