Guideline Value for SAKTHI SAI NAGAR PHASE II

Sakthi Sai Nagar Phase II guideline value

The current guideline value of Sakthi Sai Nagar Phase II is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Thachoor village and falls under the Ponneri Sub Registrar Office (SRO). The land classification for this street is Commercial Class I Type - II.

How the guideline value of Sakthi Sai Nagar Phase II has changed

The guideline value for Sakthi Sai Nagar Phase II has remained consistent at Rs 400 per sq.ft for the 2023 and 2024 revisions. There are no figures available for this street in the revisions from 2002, 2003, 2007, 2012, and 2017.

In the 2024 revision, the guideline value is set at Rs 400 per sq.ft, which is equal to the median value of Rs 400 per sq.ft for other streets in Thachoor under the Ponneri SRO. The change from 2023 to 2024 reflects a 0% increase.

Guideline values in Thachoor

In Thachoor village, there are 17 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 1,800 per sq.ft. The median value is Rs 400 per sq.ft, placing Sakthi Sai Nagar Phase II at this median rate.

• Sai Kannan Homes: Rs 300 per sq.ft (2024)
• R.C.Modern City: Rs 400 per sq.ft (2024)
• Sith Krishna Nagar: Rs 400 per sq.ft (2024)
• Sri Balaji Nagar: Rs 400 per sq.ft (2024)
• Sri Bhavani Amman Nagar: Rs 400 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Sai Nagar Phase II

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees together to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sakthi Sai Nagar Phase II?

The Sakthi Sai Nagar Phase II area is covered by 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 Thachoor

The guideline value is a crucial factor during the registration of property transactions in Thachoor. It determines the stamp duty and registration fees that buyers must pay when acquiring property in this area.

When selling property, the guideline value helps in establishing a baseline for the sale price, ensuring that both parties are aware of the minimum value set by the government. This value is essential for legal and financial documentation during the transfer of ownership.

Frequently asked questions

What is the current guideline value of Sakthi Sai Nagar Phase II?

The current guideline value of Sakthi Sai Nagar Phase II is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sakthi Sai Nagar Phase II has remained at Rs 400 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the revisions from 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sakthi Sai Nagar Phase II?

The land classification for Sakthi Sai Nagar Phase II is Commercial Class I Type - II, indicating its designated use for commercial purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000, and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

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 the registration of properties in the Sakthi Sai Nagar Phase II area.