Guideline Value

Corporate

Guideline Value for SAKTHI NAGAR 5th STREET

₹5000/sq.ft.

The guideline value for Sakthi Nagar 5th Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /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 5th Street

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SAKTHI NAGAR 5th STREET guideline value

The current guideline value of SAKTHI NAGAR 5th STREET is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of SAKTHI NAGAR 5th STREET has changed

The guideline value for SAKTHI NAGAR 5th STREET has seen several revisions over the years. In 2003, the guideline value was Rs 234 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2007. This was followed by a substantial rise to Rs 4,500 per sq.ft in 2012, but then it decreased to Rs 3,015 per sq.ft in 2017. The value rose again to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 5,000 per sq.ft as of the 2024 revision. The register has no figure for this street for the year 2002.

Between the revisions, the changes were significant. From 2003 to 2007, there was an increase of +413%, followed by a +275% rise from 2007 to 2012. However, the value decreased by -33% from 2012 to 2017. An increase of +49% was noted from 2017 to 2023, and the latest revision from 2023 to 2024 shows an increase of +11%. Overall, from 2003 to 2024, the guideline value has increased by +2037%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO that carry 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 for SAKTHI NAGAR 5th STREET is above this median.

Stamp duty and registration fee for property in SAKTHI NAGAR 5th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SAKTHI NAGAR 5th STREET?

The Sub Registrar Office that covers SAKTHI NAGAR 5th 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 details.

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

The guideline value is a crucial factor in property transactions in Okkiyamthuraipakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. When you buy or sell property, the registration process requires you to consider the guideline value to calculate applicable fees and duties.

When registering a property, the higher amount between the guideline value and the sale price is used to compute the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of SAKTHI NAGAR 5th STREET?

The current guideline value of SAKTHI NAGAR 5th STREET is Rs 5,000 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 234 per sq.ft in 2003 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of +2037% over the years.

What is the land classification of SAKTHI NAGAR 5th STREET?

SAKTHI NAGAR 5th STREET is classified as Residential Special Type - IV.

Where can I find the Sub Registrar Office for SAKTHI NAGAR 5th STREET?

The Sub Registrar Office for SAKTHI NAGAR 5th STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties in SAKTHI NAGAR 5th STREET?

Stamp duty for properties in SAKTHI NAGAR 5th STREET is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,50,000.