Guideline Value for SAKTHI NAGAR

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Vallur village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sakthi Nagar has changed

Since the 2017 revision, the guideline value for Sakthi Nagar has seen significant changes. In 2017, the guideline value was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, reflecting a 49% rise. The most recent revision in 2024 has set the value at Rs 330 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 551 per sq.ft. The median guideline value for these streets is Rs 220 per sq.ft, placing Sakthi Nagar's 2024 figure above that median.

• Sanjai Ganthi Nagar: Rs 550 per sq.ft (2024)
• Sababathi Nagar/ Ext: Rs 220 per sq.ft (2024)
• Saraswathi Nagar: Rs 220 per sq.ft (2024)
• Semmozhi Nagar: Rs 550 per sq.ft (2024)
• Sengam Pillai Nagar: Rs 330 per sq.ft (2024)
• Rajiv Nagar: Rs 220 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, while the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Nagar?

The Sub Registrar Office that covers Sakthi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

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

When a property is registered, the guideline value is considered to ensure that the fees are accurately assessed. Buyers should be aware that the stamp duty is calculated based on the higher amount between the guideline value and the sale price.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Sakthi Nagar?

Sakthi Nagar is classified as Residential Class I Type - II, which indicates its suitability for residential purposes.

What are the other streets in Vallur with their guideline values?

Other streets in Vallur include Sanjai Ganthi Nagar at Rs 550 per sq.ft, Sababathi Nagar/Ext and Saraswathi Nagar both at Rs 220 per sq.ft, Semmozhi Nagar at Rs 550 per sq.ft, Sengam Pillai Nagar at Rs 330 per sq.ft, and Rajiv Nagar at Rs 220 per sq.ft.

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

The Sub Registrar Office for Sakthi Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find more information by visiting the relevant link.