Guideline Value

Corporate

Guideline Value for SAKTHI NAGAR

₹1320/sq.ft.

The guideline value for Sakthi Nagar in Thirusulam village (Pallavaram SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 32% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thirusulam

Village

Pallavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sakthi Nagar

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Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Thirusulam village under the Pallavaram SRO, is Rs 1,320 per sq.ft. This value is effective from 1 July 2024 and is classified as Residential Class III Type - I.

How the guideline value of Sakthi Nagar has changed

The guideline value for Sakthi Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, an increase from Rs 1,000 per sq.ft in 2023, marking a change of +32%. Prior to that, the 2017 revision recorded a value of Rs 804 per sq.ft, which was a +24% increase from Rs 804 per sq.ft in 2017. The 2012 revision had set the value at Rs 1,200 per sq.ft, showing a decrease of -33% from the previous revision in 2017. Overall, from 2012 to 2024, the guideline value has increased by +10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The guideline value history reflects the changing landscape of property valuation in the area.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value for these streets is Rs 1,940 per sq.ft, indicating that Sakthi Nagar's 2024 figure of Rs 1,320 per sq.ft is below the median.

Stamp duty and registration fee for property in Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees to Rs 1,18,800. 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 detailed calculations.

Which Sub Registrar Office covers Sakthi Nagar?

The Sub Registrar Office that covers Sakthi Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirusulam. It is used to determine the stamp duty and registration fees that buyers must pay when acquiring property.

When selling property, the guideline value serves as a reference point for the sale price, ensuring that the transaction is documented accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of +10% over the twelve years.

What are the other streets with the same guideline value in Thirusulam?

Other streets in Thirusulam with the same guideline value of Rs 1,320 per sq.ft in 2024 include Bharathiyar Street, Kambar Street, Mahathma Gandhi Street, and Thiruvalluvar Street.

What is the registration fee for property in Sakthi Nagar?

The registration fee for property in Sakthi Nagar is calculated at 2% of the guideline value. For a property valued at Rs 13,20,000, the registration fee would be Rs 26,400.

How is stamp duty calculated for property transactions?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 13,20,000, the stamp duty would amount to Rs 92,400.