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Guideline Value

Corporate

Guideline Value for SAKTHI NAGAR 3RD CROSS STREET

₹1320/sq.ft.

The guideline value for Sakthi Nagar 3rd Cross Street in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 3rd Cross Street

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Sakthi Nagar 3rd Cross Street guideline value

The current guideline value of Sakthi Nagar 3rd Cross Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Vanagaram village under the Chennai South Joint I SRO, and it falls under the Residential Class IV Type - II land classification.

How the guideline value of Sakthi Nagar 3rd Cross Street has changed

The guideline value of Sakthi Nagar 3rd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 804 per sq.ft. However, the value rose significantly to Rs 1,200 per sq.ft in 2023, marking an increase of 49% from the previous figure. The latest revision in 2024 has further increased the guideline value to Rs 1,320 per sq.ft, reflecting a 10% rise from 2023.

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

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 770 to Rs 5,500 per sq.ft. The median value for these streets is Rs 1,660 per sq.ft, placing Sakthi Nagar 3rd Cross Street's 2024 figure below that median.

Stamp duty and registration fee for property in Sakthi Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to 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, bringing the total cost for these fees together to 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Nagar 3rd Cross Street?

The Sub Registrar Office that covers Sakthi Nagar 3rd Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial figure used during the registration process of property transactions in Vanagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the official valuation of the property.

When buying or selling property, the guideline value helps in establishing a fair transaction price, as it reflects the current market conditions as assessed by the authorities. It is essential for both parties to consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sakthi Nagar 3rd Cross Street?

The current guideline value of Sakthi Nagar 3rd Cross 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 1,320 per sq.ft in 2024, reflecting an overall increase of 10%. The most significant change occurred between 2017 and 2023, with a 49% increase.

What are the other streets in Vanagaram with similar guideline values?

Other streets in Vanagaram, such as Sakthi Nagar 1st Cross Street, Sakthi Nagar 2nd Cross Street, and Sakthi Nagar Main Road, also have a guideline value of Rs 1,320 per sq.ft in 2024.

What are the fees associated with property registration in Sakthi Nagar 3rd Cross Street?

The fees for property registration include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sakthi Nagar 3rd Cross Street?

The Sub Registrar Office for Sakthi Nagar 3rd Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.