Guideline Value for SAKTHI SAI NAGAR

Sakthi Sai Nagar guideline value

The current guideline value of Sakthi Sai Nagar is Rs 600 per sq.ft, as per the 2023 revision. This area is located in Arungal village and falls under the Gooduvancheri SRO with a land classification of Residential Special Type - II.

How the guideline value of Sakthi Sai Nagar has changed

Looking back at the revisions, the guideline value for Sakthi Sai Nagar was Rs 600 per sq.ft in the 2012 revision. This value remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, representing a decline of 33%. In the most recent 2023 revision, the guideline value increased significantly to Rs 600 per sq.ft, marking a rise of 49% from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 600 per sq.ft. It is important to note that the register does not provide figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Arungal

Currently, there are no specific village figures available for Arungal. Sakthi Sai Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Arungal provided in the available data.

Stamp duty and registration fee for property in Sakthi Sai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is calculated at 7%, which comes to Rs 42,000, and the registration fee is 2%, amounting to Rs 12,000. Therefore, the total cost for stamp duty and registration fee together is Rs 54,000. It is essential 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 more detailed calculations.

Which Sub Registrar Office covers Sakthi Sai Nagar?

The Sub Registrar Office that covers Sakthi Sai Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arungal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the buyer must ensure that the sale price is either equal to or higher than the guideline value. This ensures that the appropriate fees are calculated based on the higher amount, which in turn affects the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sakthi Sai Nagar?

The current guideline value of Sakthi Sai Nagar is Rs 600 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, a decrease of 33%. It then increased back to Rs 600 per sq.ft in the 2023 revision, resulting in an overall change of 0% from 2012 to 2023.

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

For a property valued at Rs 6,00,000, the stamp duty is Rs 42,000 and the registration fee is Rs 12,000, totaling Rs 54,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations in Sakthi Sai Nagar?

The Gooduvancheri Sub Registrar Office handles property registrations for Sakthi Sai Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there any guideline value data for the year 2024?

No, the register does not provide a guideline value figure for Sakthi Sai Nagar for the year 2024.