Guideline Value for SAKTHI NAGAR - KAMBAR STREET

Sakthi Nagar - Kambar Street guideline value

The current guideline value of Sakthi Nagar - Kambar Street is Rs 1,320 per sq.ft. This street is located in Thirusulam village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sakthi Nagar - Kambar Street has changed

The guideline value for Sakthi Nagar - Kambar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in the 2017 revision. Subsequently, the value increased to Rs 1,000 per sq.ft in 2023, and the latest revision in 2024 has raised it to Rs 1,320 per sq.ft, marking an increase of 32% from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 24%. 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 Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median guideline value for these streets is Rs 1,940 per sq.ft, placing Sakthi Nagar - Kambar Street's 2024 figure below that median.

• Sakthi Nagar - Mahathma Gandhi Street: Rs 1,320 per sq.ft (2024)
• Sakthi Nagar - Bharathiyar Street: Rs 1,320 per sq.ft (2024)
• Sakthi Nagar - Thiruvalluvar Street: Rs 1,320 per sq.ft (2024)
• Sakthi Nagar: Rs 1,320 per sq.ft (2024)
• Samy Nagar 1 To 2 Streets: Rs 1,100 per sq.ft (2024)
• Rani Anna Nagar Pillaiyar Koil Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar - Kambar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total cost for these fees Rs 1,18,800. It is important to note that 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 information.

Which Sub Registrar Office covers Sakthi Nagar - Kambar Street?

The Sakthi Nagar - Kambar Street falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration of property transactions in Thirusulam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the sale price is compared to the guideline value. The higher of the two figures is used to calculate the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value for Sakthi Nagar - Kambar Street?

The current guideline value for Sakthi Nagar - Kambar Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets with the same guideline value in Thirusulam?

Other streets in Thirusulam with the same guideline value of Rs 1,320 per sq.ft include Sakthi Nagar - Mahathma Gandhi Street, Sakthi Nagar - Bharathiyar Street, Sakthi Nagar - Thiruvalluvar Street, and Rani Anna Nagar Pillaiyar Koil Street.

Where can I calculate my stamp duty and registration fees?

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator available online.

Which office do I need to visit for property registration in Sakthi Nagar - Kambar Street?

The property registration for Sakthi Nagar - Kambar Street is handled by the Pallavaram Sub Registrar Office located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.