Guideline Value

Corporate

Guideline Value for SAKTHI NAGAR 4th STREET

₹5500/sq.ft.

The guideline value for Sakthi Nagar 4th Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 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

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹234 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 4th Street

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SAKTHI NAGAR 4th STREET guideline value

The current guideline value of SAKTHI NAGAR 4th STREET is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village under the Neelankarai SRO, and it falls under the Residential Special Type - III land classification.

How the guideline value of SAKTHI NAGAR 4th STREET has changed

The guideline value for SAKTHI NAGAR 4th STREET has seen significant changes over the years. In 2003, the guideline value was Rs 234 per sq.ft. It increased to Rs 1,200 per sq.ft in 2007, marking an increase of 413%. The value then rose to Rs 5,000 per sq.ft in 2012, reflecting a substantial increase of 317%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a drop of 33%. The value then increased to Rs 5,000 per sq.ft in 2023, which was a rise of 49%. Finally, the current guideline value is Rs 5,500 per sq.ft as per the 2024 revision, which is an increase of 10% from the previous year.

The register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 2,250%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of SAKTHI NAGAR 4th STREET is above this median.

Stamp duty and registration fee for property in SAKTHI NAGAR 4th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for stamp duty and registration fees to Rs 4,95,000. 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 further calculations.

Which Sub Registrar Office covers SAKTHI NAGAR 4th STREET?

The Sub Registrar Office that covers SAKTHI NAGAR 4th STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when buying or selling property in Okkiyamthuraipakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly in the registration documents. It also aids in maintaining transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of SAKTHI NAGAR 4th STREET?

The current guideline value of SAKTHI NAGAR 4th STREET is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 234 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, representing an overall increase of 2,250%.

What are the stamp duty and registration fees for properties in SAKTHI NAGAR 4th STREET?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles registrations for SAKTHI NAGAR 4th STREET?

The Neelankarai Sub Registrar Office handles registrations for SAKTHI NAGAR 4th STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the land classification for SAKTHI NAGAR 4th STREET?

SAKTHI NAGAR 4th STREET is classified as Residential Special Type - III.