Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for SAKTHI NAGAR / SAKTHI MURUGAN NAGAR

₹1100/sq.ft.

The guideline value for Sakthi Nagar / Sakthi Murugan Nagar in Matthur village (Thiruvottiyur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Matthur

Village

Thiruvottiyur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹72 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sakthi Nagar / Sakthi Murugan Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sakthi Nagar / Sakthi Murugan Nagar guideline value

The current guideline value for Sakthi Nagar / Sakthi Murugan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Matthur village, under the Thiruvottiyur SRO, and is classified as Residential Special Type - III.

How the guideline value of Sakthi Nagar / Sakthi Murugan Nagar has changed

The guideline value for this area has seen several revisions over the years. Starting from Rs 72 per sq.ft in 2003, it increased to Rs 100 per sq.ft in 2007. The value then jumped significantly to Rs 1,000 per sq.ft in 2012, before dropping to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,100 per sq.ft. Notably, the register has no figure for this street in 2002.

In terms of percentage changes, the guideline value increased by 39% from 2003 to 2007, followed by a staggering 900% rise from 2007 to 2012. However, it decreased by 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, there was a 10% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 1428%.

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, which is equal to the current guideline value for Sakthi Nagar / Sakthi Murugan Nagar.

Stamp duty and registration fee for property in Sakthi Nagar / Sakthi Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Nagar / Sakthi Murugan Nagar?

The Sakthi Nagar / Sakthi Murugan Nagar area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Matthur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the registration process aligns with government regulations.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the guideline value or the sale price, whichever is higher, ensuring transparency and compliance with local property laws.

Frequently asked questions

What is the current guideline value for Sakthi Nagar / Sakthi Murugan Nagar?

The current guideline value for Sakthi Nagar / Sakthi Murugan Nagar is Rs 1,100 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 72 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, with various revisions in between. Notably, there was a 900% increase from 2007 to 2012 and a 49% increase from 2017 to 2023.

What is the land classification for Sakthi Nagar / Sakthi Murugan Nagar?

Sakthi Nagar / Sakthi Murugan Nagar is classified as Residential Special Type - III, indicating its suitability for residential development.

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

The Thiruvottiyur Sub Registrar Office covers Sakthi Nagar / Sakthi Murugan Nagar and is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated in Sakthi Nagar / Sakthi Murugan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000.