Guideline Value for SAKTHI NAGAR 6th STREET

SAKTHI NAGAR 6th STREET guideline value

The current guideline value of SAKTHI NAGAR 6th 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 6th STREET has changed

The guideline value for SAKTHI NAGAR 6th STREET has undergone several revisions over the years. In 2003, the value was Rs 234 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2007, marking a rise of 413%. The value then jumped to Rs 4,500 per sq.ft in 2012, a substantial increase of 275%. However, it decreased to Rs 3,015 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision set the value at Rs 4,500 per sq.ft, which then rose to Rs 5,000 per sq.ft in 2024, an increase of 11%. The register has no figure for this street in 2002.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, a total of 453 streets are registered under the Neelankarai SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing SAKTHI NAGAR 6th STREET above this median at Rs 5,000 per sq.ft.

• SAKTHI NAGAR 7th STREET: Rs 5,000 per sq.ft (2024)
• SAKTHI NAGAR 5th STREET: Rs 5,000 per sq.ft (2024)
• SAKTHI NAGAR 8th STREET: Rs 5,000 per sq.ft (2024)
• SAKTHI NAGAR 4th STREET: Rs 5,500 per sq.ft (2024)
• SAKTHI NAGAR 3rd STREET: Rs 5,500 per sq.ft (2024)
• SAKTHI NAGAR 2nd STREET: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SAKTHI NAGAR 6th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total cost for these fees Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SAKTHI NAGAR 6th STREET?

The Sub Registrar Office that covers SAKTHI NAGAR 6th 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 a crucial factor in property transactions within Okkiyamthuraipakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives the appropriate revenue from property transactions.

Understanding the guideline value is essential for both buyers and sellers, as it affects the overall cost of property transactions. Buyers should be aware of the current guideline values to ensure they are making informed decisions during their property dealings.

Frequently asked questions

What is the current guideline value of SAKTHI NAGAR 6th STREET?

The current guideline value of SAKTHI NAGAR 6th 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, starting from Rs 234 per sq.ft in 2003 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 2037% over the years.

What is the classification of SAKTHI NAGAR 6th STREET?

SAKTHI NAGAR 6th STREET is classified as Residential Special Type - IV under the Neelankarai SRO.

Where can I find the registration office for SAKTHI NAGAR 6th STREET?

The registration office for SAKTHI NAGAR 6th 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 the stamp duty calculated for properties in SAKTHI NAGAR 6th STREET?

Stamp duty for properties in SAKTHI NAGAR 6th STREET is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.