Guideline Value for SAKTHI NAGAR 1ST STREET. CHOOLAIMEDU

Sakthi Nagar 1st Street. Choolaimedu guideline value

The current guideline value of Sakthi Nagar 1st Street. Choolaimedu is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Sakthi Nagar 1st Street. Choolaimedu has changed

Over the years, the guideline value for Sakthi Nagar 1st Street has seen significant changes. In 2007, the guideline value was Rs 1,300 per sq.ft, which increased to Rs 5,300 per sq.ft in 2012, marking a rise of 308%. However, from 2012 to 2017, it decreased to Rs 3,551 per sq.ft, a decline of 33%. The value then rose again to Rs 5,300 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has set the value at Rs 5,800 per sq.ft, which is a 9% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 346%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, which is equal to the current guideline value of Sakthi Nagar 1st Street.

• Sakthi Nagar 2nd Street. Choolaimedu: Rs 5,800 per sq.ft (2024)
• Sakthi Nagar 3rd Street. Choolaimedu: Rs 5,800 per sq.ft (2024)
• Sakthi Nagar 4th Street. Choolaimedu: Rs 5,800 per sq.ft (2024)
• Sakthi Nagar 5th Street: Rs 5,800 per sq.ft (2024)
• Sakthi Nagar. Kodambakkam: Rs 7,100 per sq.ft (2024)
• Samayapurathamman Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar 1st Street. Choolaimedu

For a 1,000 sq.ft plot at the current rate of Rs 5,800 per sq.ft, the guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, totaling Rs 5,22,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Nagar 1st Street. Choolaimedu?

The Sub Registrar Office that covers Sakthi Nagar 1st Street. Choolaimedu is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees based on the higher of the guideline value or the sale price. This ensures that the fees are appropriately assessed during the registration process.

Frequently asked questions

What is the current guideline value of Sakthi Nagar 1st Street. Choolaimedu?

The current guideline value of Sakthi Nagar 1st Street. Choolaimedu is Rs 5,800 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 1,300 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, marking an overall increase of 346%.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft, which is the same as the current guideline value for Sakthi Nagar 1st Street.

What are the stamp duty and registration fees for property in Sakthi Nagar 1st Street?

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Where can I find the Sub Registrar Office for Sakthi Nagar 1st Street. Choolaimedu?

The Sub Registrar Office for Sakthi Nagar 1st Street. Choolaimedu is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.