Guideline Value

Corporate

Guideline Value for SAKTHI NAGAR. KODAMBAKKAM

₹7100/sq.ft.

The guideline value for Sakthi Nagar. Kodambakkam in Puliyur village (Kodambakkam SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puliyur

Village

Kodambakkam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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. Kodambakkam

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Sakthi Nagar. Kodambakkam guideline value

The current guideline value of Sakthi Nagar. Kodambakkam is Rs 7,100 per sq.ft, effective from 1 July 2024. This area is located in Puliyur village and falls under the Kodambakkam SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Sakthi Nagar. Kodambakkam has changed

Over the years, the guideline value of Sakthi Nagar. Kodambakkam has seen significant changes. In 2007, the value was Rs 2,000 per sq.ft, which increased to Rs 6,500 per sq.ft in both 2012 and 2023. The current revision in 2024 has set the value at Rs 7,100 per sq.ft, marking a 9% increase from the previous year.

From 2007 to 2012, there was a substantial increase of 225%. The overall change from 2007 to 2024 reflects a total increase of 255%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2017 for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value is Rs 5,800 per sq.ft, placing Sakthi Nagar. Kodambakkam's 2024 value above this median.

Stamp duty and registration fee for property in Sakthi Nagar. Kodambakkam

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total to Rs 6,39,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sakthi Nagar. Kodambakkam?

The Sub Registrar Office covering Sakthi Nagar. Kodambakkam is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the transaction is recorded accurately and legally, safeguarding the interests of both parties involved.

Frequently asked questions

What is the current guideline value of Sakthi Nagar. Kodambakkam?

The current guideline value of Sakthi Nagar. Kodambakkam is Rs 7,100 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 2,000 per sq.ft in 2007 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 255% over the years.

What is the land classification for Sakthi Nagar. Kodambakkam?

The land classification for Sakthi Nagar. Kodambakkam is Residential Special Type - II.

Where can I find the registration office for Sakthi Nagar. Kodambakkam?

The registration office for Sakthi Nagar. Kodambakkam is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Sakthi Nagar. Kodambakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 71,00,000, the stamp duty would be Rs 4,97,000 at a rate of 7%.