Guideline Value

Corporate

Guideline Value for SAKTHI NAGAR

₹1320/sq.ft.

The guideline value for Sakthi Nagar in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /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 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹105 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹67 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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

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Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Vanagaram village, is Rs 1,320 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - II.

How the guideline value of Sakthi Nagar has changed

The guideline value of Sakthi Nagar has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 67 per sq.ft. This increased to Rs 105 per sq.ft in 2003, marking a change of +57%. The value then rose significantly to Rs 500 per sq.ft in 2007, which was a +376% increase. Following that, the 2012 revision set the value at Rs 1,200 per sq.ft, reflecting a +140% change from the previous figure. However, the 2017 revision saw a decrease to Rs 804 per sq.ft, which was a -33% change. The value then increased again to Rs 1,200 per sq.ft in 2023, and the most recent revision in 2024 has set the guideline value at Rs 1,320 per sq.ft, a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1870%. There are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,660 per sq.ft, indicating that Sakthi Nagar's 2024 figure is below this 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 would be 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, resulting in a total of Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sakthi Nagar?

The Sub Registrar Office that covers Sakthi Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vanagaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 67 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of +1870% over the years.

What are the other streets in Vanagaram with similar guideline values?

Other streets in Vanagaram with a guideline value of Rs 1,320 per sq.ft include Sakthi Nagar 1st Cross Street, Sakthi Nagar 2nd Cross Street, Sakthi Nagar 3rd Cross Street, and Sakthi Nagar Main Road.

What are the stamp duty rates applicable in Sakthi Nagar?

The stamp duty rate in Sakthi Nagar is 7% of the guideline value, and the registration fee is 2% of the guideline value.

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

The Sub Registrar Office for Sakthi Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.