Guideline Value for SAKTHI NAGAR

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Pungathur village under the Tiruvallur Joint 1 SRO, is Rs 770 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Sakthi Nagar has changed

The guideline value for Sakthi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which was then reduced to Rs 469 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 700 per sq.ft, and the most recent 2024 revision has further raised it to Rs 770 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pungathur

Pungathur village has a total of 32 streets under the Tiruvallur Joint 1 SRO, with 2024 guideline values ranging from Rs 550 to Rs 2,500 per sq.ft. The median value for these streets is Rs 1,485 per sq.ft, placing Sakthi Nagar's 2024 figure below the median.

• R.P Gardan: Rs 1,650 per sq.ft (2024)
• Sree Kanakavalli Thayar Nagar: Rs 550 per sq.ft (2024)
• Sri Kanagavalli Thayar Avenue: Rs 1,650 per sq.ft (2024)
• Sri Vari Nagar: Rs 1,650 per sq.ft (2024)
• Terapanth Nagar: Rs 1,650 per sq.ft (2024)
• Thendadaivada veedhi: Rs 770 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Sakthi Nagar?

The Sub Registrar Office covering 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 Pungathur

The guideline value is an essential reference point during property transactions in Pungathur. It is used to determine the stamp duty and registration fees applicable when registering a property sale or purchase.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately for legal and taxation purposes. It is crucial for buyers and sellers to be aware of this value to avoid any discrepancies 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 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the median guideline value in Pungathur?

The median guideline value in Pungathur for 2024 is Rs 1,485 per sq.ft, which is higher than the current value of Sakthi Nagar.

What are the stamp duty rates for properties in Sakthi Nagar?

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

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

The Sub Registrar Office for Sakthi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.