Guideline Value for SAKTHI NAGAR

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Kakkalur village under the Tiruvallur Joint 1 SRO, is Rs 626 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - III.

How the guideline value of Sakthi Nagar has changed

In the 2012 revision, the guideline value was set at Rs 625 per sq.ft. This figure saw a decrease of 33% by the 2017 revision, which recorded a guideline value of Rs 419 per sq.ft. Subsequently, the value increased significantly by 49% to Rs 626 per sq.ft in the 2023 revision, and it remained unchanged in the 2024 revision, with a current value of Rs 626 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, comparing the 2012 and 2024 revisions, the guideline value shows no change, remaining at Rs 626 per sq.ft. The fluctuations in the values reflect the revisions made over the years, with the most recent updates indicating stability in the guideline value.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value across these streets is Rs 626 per sq.ft, which is equal to the current guideline value of Sakthi Nagar.

• Sakthi Garden: Rs 626 per sq.ft (2024)
• Sai Nagar: Rs 626 per sq.ft (2024)
• Sai Mount View Avenue: Rs 626 per sq.ft (2024)
• Samanthi Street: Rs 626 per sq.ft (2024)
• Sambanki Poo Street: Rs 626 per sq.ft (2024)
• Sampath Avenue: Rs 626 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 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, making the total cost for these fees Rs 56,340. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Nagar?

The Sub Registrar Office that covers Sakthi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions within Kakkalur. It is used to determine the stamp duty and registration fees applicable during the sale or purchase of property. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and financial planning.

When registering a property, the guideline value serves as a benchmark for calculating the fees. It is essential for both parties to agree on the sale price, which should be at least equal to or greater than the guideline value to avoid any legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a decrease from Rs 625 per sq.ft in 2012 to Rs 419 per sq.ft in 2017, followed by an increase to Rs 626 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification of Sakthi Nagar?

The land classification for Sakthi Nagar is Residential Class II Type - III, indicating its designation for residential purposes.

What are the stamp duty and registration fees in Sakthi Nagar?

For a property valued at Rs 6,26,000, the stamp duty is Rs 43,820, and the registration fee is Rs 12,520, totaling Rs 56,340 for these fees.

Which office handles property registrations in Sakthi Nagar?

The Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001, handles property registrations for Sakthi Nagar.