Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for SAKTHI NAGAR 8th STREET

₹5000/sq.ft.

The guideline value for Sakthi Nagar 8th 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 8th Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

SAKTHI NAGAR 8th STREET guideline value

The current guideline value of SAKTHI NAGAR 8th 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 it falls under the Residential Special Type - IV land classification.

How the guideline value of SAKTHI NAGAR 8th STREET has changed

The guideline value for SAKTHI NAGAR 8th STREET has seen 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. The value further rose to Rs 4,500 per sq.ft in 2012, but then decreased to Rs 3,015 per sq.ft in 2017. Following this, the value increased to Rs 4,500 per sq.ft in 2023, and most recently, it has been set at Rs 5,000 per sq.ft in 2024.

Notably, there is no figure available for SAKTHI NAGAR 8th STREET in the 2002 revision. The changes between the revisions show an overall increase of 2037% from 2003 to 2024, with the most significant increase occurring from 2003 to 2007 at 413% and a more modest increase of 11% from 2023 to 2024.

Guideline values in Okkiyamthuraipakkam

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

Stamp duty and registration fee for property in SAKTHI NAGAR 8th 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, bringing the total fees together to Rs 4,50,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SAKTHI NAGAR 8th STREET?

The Sub Registrar Office covering SAKTHI NAGAR 8th STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Okkiyamthuraipakkam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of SAKTHI NAGAR 8th STREET?

The current guideline value of SAKTHI NAGAR 8th 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, showing an overall increase of 2037% over this period.

What are the stamp duty rates applicable for properties in SAKTHI NAGAR 8th STREET?

The stamp duty rate for properties in SAKTHI NAGAR 8th STREET is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for SAKTHI NAGAR 8th STREET?

The Sub Registrar Office for SAKTHI NAGAR 8th STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value for streets in Okkiyamthuraipakkam?

The median guideline value for streets in Okkiyamthuraipakkam is Rs 3,300 per sq.ft, with SAKTHI NAGAR 8th STREET being above this median at Rs 5,000 per sq.ft.