Guideline Value for SAKTHI NAGAR

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Thandurai village under the Avadi SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - II.

How the guideline value of Sakthi Nagar has changed

Looking at the historical guideline values, the 2002 revision recorded a value of Rs 57 per sq.ft. This figure increased to Rs 77 per sq.ft in 2003, marking a change of +35%. The subsequent revisions saw significant increases, with the value rising to Rs 386 per sq.ft in 2007 (+401%), then to Rs 800 per sq.ft in 2012 (+107%). However, between 2012 and 2017, the value decreased to Rs 536 per sq.ft, representing a change of -33%. The 2023 revision maintained the value at Rs 800 per sq.ft, and the 2024 revision also holds this value, indicating no change from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by +1304%, reflecting a significant rise over the years.

Guideline values in Thandurai

In Thandurai, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, placing Sakthi Nagar's 2024 figure below this median.

• Sakthi Nagar Extn: Rs 800 per sq.ft (2024)
• Sakthivel St, Cholan Nagar: Rs 988 per sq.ft (2024)
• Sai Krishna Nagar: Rs 989 per sq.ft (2024)
• Salamon St, Venkateswara Nagar: Rs 800 per sq.ft (2024)
• Sandhai St (M.T.H.Road Southern Side): Rs 1,980 per sq.ft (2024)
• Sanjai Gandhi St: Rs 800 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total fees together to Rs 72,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Sakthi Nagar?

The Sub Registrar Office that covers Sakthi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Thandurai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the property’s assessed value, which is vital for maintaining public services and infrastructure.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, notably increasing from Rs 57 in 2002 to Rs 800 in 2012, then decreasing to Rs 536 in 2017, and finally stabilizing at Rs 800 in 2023 and 2024.

What is the median guideline value in Thandurai?

The median guideline value for streets in Thandurai is Rs 988 per sq.ft, with Sakthi Nagar's value being below this median.

What fees are associated with buying property in Sakthi Nagar?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000.

Where can I find the Sub Registrar Office for Sakthi Nagar?

The Sub Registrar Office covering Sakthi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.