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Guideline Value

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Guideline Value for SAKTHI NAGAR - MAHATHMA GANDHI STREET

₹1320/sq.ft.

The guideline value for Sakthi Nagar - Mahathma Gandhi Street in Thirusulam village (Pallavaram SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 32% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thirusulam

Village

Pallavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sakthi Nagar - Mahathma Gandhi Street

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Sakthi Nagar - Mahathma Gandhi Street guideline value

The current guideline value of Sakthi Nagar - Mahathma Gandhi Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village and falls under the Pallavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sakthi Nagar - Mahathma Gandhi Street has changed

The guideline value for Sakthi Nagar - Mahathma Gandhi Street has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. This was a significant drop of 33%. However, from 2017 to 2023, the value increased by 24%, reaching Rs 1,000 per sq.ft. The most recent revision in 2024 raised the value to Rs 1,320 per sq.ft, marking a 32% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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, with a median value of Rs 1,940 per sq.ft. The guideline value of Sakthi Nagar - Mahathma Gandhi Street is below this median.

Stamp duty and registration fee for property in Sakthi Nagar - Mahathma Gandhi 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 amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400. Together, the total cost for stamp duty and registration fees would be Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Nagar - Mahathma Gandhi Street?

The Sub Registrar Office that covers Sakthi Nagar - Mahathma Gandhi Street is 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 information.

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

The guideline value is a crucial factor when buying or selling property in Thirusulam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers must ensure that the property is registered at or above the guideline value to comply with legal requirements.

When registering a property, the guideline value helps in calculating the total costs involved, including stamp duty and registration fees. This ensures transparency and fairness in property transactions, protecting both buyers and sellers in the process.

Frequently asked questions

What is the current guideline value of Sakthi Nagar - Mahathma Gandhi Street?

The current guideline value of Sakthi Nagar - Mahathma Gandhi 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 significantly, from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increasing to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Sakthi Nagar - Mahathma Gandhi Street?

The land classification for Sakthi Nagar - Mahathma Gandhi Street is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Sakthi Nagar - Mahathma Gandhi Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.