Guideline Value for SAKTHI VEERAMMAL NAGAR

Sakthi Veerammal Nagar guideline value

The current guideline value of Sakthi Veerammal Nagar is Rs 401 per sq.ft, effective from 1 July 2024. This street is located in Villiyampakkam village under the Chengleput Joint II SRO and falls under the Mixed Special Type - II land classification.

How the guideline value of Sakthi Veerammal Nagar has changed

The guideline value for Sakthi Veerammal Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 400 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 268 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 400 per sq.ft. The latest revision in 2024 has set the guideline value at Rs 401 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable with no net change.

Guideline values in Villiyampakkam

In Villiyampakkam, there are 17 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 401 to Rs 950 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Sakthi Veerammal Nagar is below this median.

• Senthoore Avenue: Rs 500 per sq.ft (2024)
• Sri Durga Nagar: Rs 401 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 450 per sq.ft (2024)
• Subhlabh Avenue: Rs 450 per sq.ft (2024)
• Om Sakthi Nagar: Rs 450 per sq.ft (2024)
• Sukra Avenue: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Veerammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value amounts to Rs 4,01,000. The stamp duty at 7% would be Rs 28,070, and the registration fee at 2% would be Rs 8,020, bringing the total charges to Rs 36,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Sakthi Veerammal Nagar?

Sakthi Veerammal Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Villiyampakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies in the registration process. This ensures that the government receives the appropriate fees based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sakthi Veerammal Nagar?

The current guideline value of Sakthi Veerammal Nagar is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then back to Rs 400 per sq.ft in 2023, and finally to Rs 401 per sq.ft in 2024.

What is the land classification for Sakthi Veerammal Nagar?

Sakthi Veerammal Nagar falls under the Mixed Special Type - II land classification.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated in Villiyampakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if a property has a guideline value of Rs 4,01,000, the stamp duty would be calculated at 7% of that amount.