Guideline Value for SAKTHI NAGAR PHASE-II

Sakthi Nagar Phase-II guideline value

The current guideline value of Sakthi Nagar Phase-II, located in Pulipurakoil village, is Rs 120 per sq.ft, effective from 1 July 2024. This area falls under the Madurandakam SRO and is classified as Residential Special Type - I.

How the guideline value of Sakthi Nagar Phase-II has changed

Since the 2012 revision, the guideline value for Sakthi Nagar Phase-II has seen various changes. The 2012 revision set the value at Rs 120 per sq.ft, which remained unchanged until the 2023 revision, where it still stood at Rs 120 per sq.ft. The 2017 revision saw a decrease to Rs 80 per sq.ft, marking a -33% change from the previous value. However, from 2017 to 2023, there was a significant increase of 50% bringing it back to Rs 120 per sq.ft.

As of the 2024 revision, the guideline value remains at Rs 120 per sq.ft, showing no change from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Pulipurakoil

In Pulipurakoil, there are six streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. The median value is Rs 120 per sq.ft, which is equal to the guideline value of Sakthi Nagar Phase-II.

• Sri Azhagu Thiruvathamman Nagar: Rs 101 per sq.ft (2024)
• Sri Sai Nagar: Rs 100 per sq.ft (2024)
• Gokulam Nagar Phase -II: Rs 150 per sq.ft (2024)
• Gokulam Nagar: Rs 120 per sq.ft (2024)
• Durgai Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 120 per sq.ft, the total guideline value amounts to Rs 1,20,000. The stamp duty at 7% would be Rs 8,400, and the registration fee at 2% would be Rs 2,400, making the total fees Rs 10,800. It is important to note that the 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 Phase-II?

The Sub Registrar Office that covers Sakthi Nagar Phase-II is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor when buying or selling property in Pulipurakoil. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When you approach the registration office, the guideline value will be used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sakthi Nagar Phase-II?

The current guideline value of Sakthi Nagar Phase-II is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 120 per sq.ft since 2012, with a decrease to Rs 80 per sq.ft in 2017, followed by an increase back to Rs 120 per sq.ft in 2023. The 2024 revision also maintains this value.

What is the land classification for Sakthi Nagar Phase-II?

Sakthi Nagar Phase-II is classified as Residential Special Type - I, indicating its designation for residential purposes within the area.

What are the stamp duty and registration fees for a property in Sakthi Nagar Phase-II?

For a 1,000 sq.ft plot valued at Rs 120 per sq.ft, the total guideline value is Rs 1,20,000. The stamp duty is Rs 8,400, and the registration fee is Rs 2,400, totaling Rs 10,800.

Where is the Sub Registrar Office for Sakthi Nagar Phase-II located?

The Madurandakam Sub Registrar Office, which covers Sakthi Nagar Phase-II, is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.