Guideline Value for SAKTHI NAGAR

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Ponneri_2 village under the Ponneri SRO, is Rs 702 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sakthi Nagar has changed

The guideline value for Sakthi Nagar has seen a revision from Rs 700 per sq.ft in 2023 to Rs 702 per sq.ft in 2024, marking a change of 0%. Prior to this, the register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In the 2024 revision, the current guideline value is above the median of Rs 700 per sq.ft for the 75 streets in Ponneri_2 that carry a 2024 figure, which ranges from Rs 700 to Rs 1,300 per sq.ft.

Guideline values in Ponneri_2

In Ponneri_2, the guideline values vary significantly, with a range from Rs 700 to Rs 1,300 per sq.ft. Sakthi Nagar's guideline value of Rs 702 per sq.ft is above the median for the area.

• Sakthi Nagar Ext: Rs 702 per sq.ft (2024)
• Sakthi & Rajiv Appartment: Rs 702 per sq.ft (2024)
• Samayapuri Mudaliar St: Rs 702 per sq.ft (2024)
• Samundeeswari Nagar: Rs 700 per sq.ft (2024)
• Ramaswami Chetty Street: Rs 700 per sq.ft (2024)
• Ramachanra Street: Rs 700 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 702 per sq.ft, the total guideline value would be Rs 7,02,000. The stamp duty at 7% would amount to Rs 49,140, and the registration fee at 2% would be Rs 14,040, making the total cost for these fees Rs 63,180. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the 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 Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Ponneri_2

The guideline value is a crucial component in the registration process for property transactions in Ponneri_2. It serves as the basis for calculating stamp duty and registration fees, ensuring that these charges are fairly assessed based on the property's value.

When buying or selling property, the guideline value helps establish a standardized price point for transactions, which is particularly important for legal and financial documentation. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations 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 702 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 700 per sq.ft in 2023 to Rs 702 per sq.ft in 2024. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification of Sakthi Nagar?

Sakthi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 7,02,000, the stamp duty would be Rs 49,140 and the registration fee would be Rs 14,040, totaling Rs 63,180. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Sakthi Nagar is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find more information about your SRO online.