Guideline Value for SAKTHI NAGAR

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Venkudi village under the Walajabad SRO, is Rs 1,000 per sq.ft as per the 2023 revision. The land classification for this area is Residential Special Type - I.

How the guideline value of Sakthi Nagar has changed

The guideline value for Sakthi Nagar has seen a significant increase from previous years. In the 2012 revision, the guideline value was Rs 500 per sq.ft. This figure was revised to Rs 1,000 per sq.ft in 2023, marking a 100% increase over the eleven-year period.

There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2024 for this street. Therefore, the only recorded values for Sakthi Nagar are from the 2012 and 2023 revisions.

Guideline values in Venkudi

In Venkudi, there are four streets under the Walajabad SRO that carry a 2024 guideline value. The current guideline value for Sakthi Nagar is at the higher end of the range, with a median value of Rs 350 per sq.ft for the village. The other streets in Venkudi are as follows:

• Sri Parthasarathy Avenue: Rs 1,000 per sq.ft (2024)
• Thirumalai Nagar Sai Ram Avenue: Rs 250 per sq.ft (2024)
• மிதிலை நகர்: Rs 400 per sq.ft (2024)
• ஸ்ரீ தேவி கருமாரி அம்மன் நகர்: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total to Rs 90,000. 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 Sakthi Nagar area falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Venkudi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring 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 1,000 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 500 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2023, reflecting a 100% increase over this period.

Are there any revisions without figures for Sakthi Nagar?

Yes, the revisions for the years 2002, 2003, 2007, 2017, and 2024 do not have any figures recorded for Sakthi Nagar.

What is the stamp duty rate for properties in Sakthi Nagar?

The stamp duty for properties in Sakthi Nagar is charged at a rate of 7% on the higher of the guideline value or the sale price.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.