Guideline Value for SAKTHI SAI GARDEN

Sakthi Sai Garden guideline value

The current guideline value of Sakthi Sai Garden is Rs 100 per sq.ft, effective from 1 July 2024. This property is located in Devathanam village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Sakthi Sai Garden has changed

The guideline value for Sakthi Sai Garden has seen several revisions over the years. The 2017 revision set the value at Rs 67 per sq.ft, which was then increased to Rs 100 per sq.ft in both the 2023 and 2024 revisions, reflecting a 49% increase from 2017 to 2023 and a 49% increase overall from 2017 to 2024. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Devathanam

In Devathanam, there are 23 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft, with a median value of Rs 100 per sq.ft. Sakthi Sai Garden's 2024 figure aligns with this median.

• Sai Saran Nagar: Rs 100 per sq.ft (2024)
• Sai Krishna Nagar: Rs 100 per sq.ft (2024)
• Royal Modern City Phase II: Rs 100 per sq.ft (2024)
• Semmozhi Nagar Part II: Rs 100 per sq.ft (2024)
• Semmozhi Nagar Part III: Rs 100 per sq.ft (2024)
• Sri Ragavendhra Nagar: Rs 111 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Sai Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value is Rs 1,00,000. The stamp duty at 7% amounts to Rs 7,000, and the registration fee at 2% is Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Sai Garden?

The Sakthi Sai Garden area falls under 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 Devathanam

The guideline value is a crucial factor when registering property transactions in Devathanam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the costs involved in the transaction. This process helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Sakthi Sai Garden?

The current guideline value of Sakthi Sai Garden is Rs 100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in both 2023 and 2024, marking a 49% increase overall from 2017 to 2024.

What is the land classification of Sakthi Sai Garden?

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

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles property registrations for the Sakthi Sai Garden area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 100 per sq.ft has a guideline value of Rs 1,00,000, leading to specific fees based on this amount.