Guideline Value for SAKTHI SAI NAGAR

Sakthi Sai Nagar guideline value

The current guideline value of Sakthi Sai Nagar, located in Aamoor village under the Ponneri SRO, is Rs 400 per sq.ft. This value is effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sakthi Sai Nagar has changed

The guideline value for Sakthi Sai Nagar has remained at Rs 400 per sq.ft for the 2023 and 2024 revisions. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002, indicating that there have been no recorded changes in those years.

From the 2023 revision to the 2024 revision, there has been a change of +0%. This means that the guideline value has not increased or decreased during this period.

Guideline values in Aamoor

Aamoor village has a range of guideline values for its streets, with 10 streets under the Ponneri SRO carrying a 2024 figure that ranges from Rs 175 to Rs 800 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Sakthi Sai Nagar's 2024 figure above that median.

• Sri Srinivasa Nagar: Rs 400 per sq.ft (2024)
• Olive Avenue Phase -III: Rs 175 per sq.ft (2024)
• Olive Avenue Phase -II: Rs 175 per sq.ft (2024)
• Velammal Nagar: Rs 200 per sq.ft (2024)
• Manimegalai Nagar: Rs 200 per sq.ft (2024)
• Kumarasamy Green Field: Rs 200 per sq.ft (2024)

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 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 to Rs 36,000. Please 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 accurate calculations.

Which Sub Registrar Office covers Sakthi Sai Nagar?

The Sub Registrar Office that covers Sakthi Sai 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 Aamoor

The guideline value is a crucial factor in the registration process when buying or selling property in Aamoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on an officially recognized property value.

When a property is registered, the guideline value is compared with the sale price, and the higher value is used to determine the applicable fees. This ensures compliance with local regulations and helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sakthi Sai Nagar?

The current guideline value of Sakthi Sai Nagar 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 has remained at Rs 400 per sq.ft for the years 2023 and 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

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

For a 1,000 sq.ft plot, the total guideline value would be 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.

Which office handles property registrations for Sakthi Sai Nagar?

The Ponneri Sub Registrar Office handles property registrations for Sakthi Sai Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used as a benchmark for calculating stamp duty and registration fees during property transactions. It ensures that these costs are based on an officially recognized property value.