Guideline Value for SAKTHI NAGAR IIIrd AVENUE

SAKTHI NAGAR IIIrd AVENUE guideline value

The current guideline value of SAKTHI NAGAR IIIrd AVENUE is Rs 4,355 per sq.ft. This street is located in 1. Nolambur village, under the Villivakkam SRO, and is classified as Residential Special Type - III.

How the guideline value of SAKTHI NAGAR IIIrd AVENUE has changed

In the 2024 revision, the guideline value for SAKTHI NAGAR IIIrd AVENUE was set at Rs 4,355 per sq.ft, which is the same as the figure from the 2023 revision. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 4,355 per sq.ft. This indicates a stable valuation for this street in the most recent revision.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value for SAKTHI NAGAR IIIrd AVENUE is below this median.

• Sakthi Nagar & Streets: Rs 7,100 per sq.ft (2024)
• Raja Garden: Rs 7,100 per sq.ft (2024)
• S & P Garden: Rs 7,100 per sq.ft (2024)
• Srigajalakshmi Nagar: Rs 3,700 per sq.ft (2024)
• Perumal Koil Street: Rs 3,700 per sq.ft (2024)
• Sriram Nagar Main Road: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in SAKTHI NAGAR IIIrd AVENUE

For a 1,000 sq.ft plot at the current guideline value of Rs 4,355 per sq.ft, the total guideline value would be Rs 43,55,000. The stamp duty at 7% would amount to Rs 3,04,850, and the registration fee at 2% would be Rs 87,100, bringing the total to Rs 3,91,950. Stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers SAKTHI NAGAR IIIrd AVENUE?

The Sub Registrar Office that covers SAKTHI NAGAR IIIrd AVENUE is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is an essential factor when registering properties in 1. Nolambur. It determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as established by the Registration Department. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of SAKTHI NAGAR IIIrd AVENUE?

The current guideline value of SAKTHI NAGAR IIIrd AVENUE is Rs 4,355 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for SAKTHI NAGAR IIIrd AVENUE has remained at Rs 4,355 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for SAKTHI NAGAR IIIrd AVENUE?

SAKTHI NAGAR IIIrd AVENUE is classified as Residential Special Type - III. This classification indicates the nature of the land use in this area.

What is the registration office for SAKTHI NAGAR IIIrd AVENUE?

The registration office for SAKTHI NAGAR IIIrd AVENUE is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in SAKTHI NAGAR IIIrd AVENUE?

Stamp duty for properties in SAKTHI NAGAR IIIrd AVENUE is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.