Guideline Value for SAKTHIVEL NAGAR

Sakthivel Nagar guideline value

The current guideline value of Sakthivel Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Ariyanvoyal village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Sakthivel Nagar has changed

Over the years, the guideline value of Sakthivel Nagar has seen several revisions. The earliest recorded figure is from 2012, which was Rs 300 per sq.ft. This was followed by a decrease to Rs 201 per sq.ft in 2017. The 2023 revision saw an increase to Rs 300 per sq.ft, and the latest revision in 2024 raised it to Rs 330 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Ariyanvoyal

Ariyanvoyal village has 26 streets under the Ponneri SRO with a 2024 guideline value ranging from Rs 330 to Rs 880 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which is equal to the 2024 figure for Sakthivel Nagar.

• Shanmugam Nagar: Rs 440 per sq.ft (2024)
• Shanthi Nagar @ Thirupathy Nagar: Rs 330 per sq.ft (2024)
• Singaraswami Nagar: Rs 330 per sq.ft (2024)
• Pream Nagar: Rs 440 per sq.ft (2024)
• Sri Lakshmi Avenue: Rs 330 per sq.ft (2024)
• Thangavelpuram: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthivel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, totaling Rs 29,700. It is important 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 details.

Which Sub Registrar Office covers Sakthivel Nagar?

The Sub Registrar Office that covers Sakthivel 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 Ariyanvoyal

The guideline value is an essential factor in property transactions in Ariyanvoyal. It serves as a reference point for determining the minimum value at which a property can be sold or registered. This value is crucial for calculating the stamp duty and registration fees that buyers must pay during the registration process.

When you buy or sell property in Ariyanvoyal, the guideline value ensures that the transaction is documented at a fair value. It helps maintain transparency in property dealings and ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sakthivel Nagar?

The current guideline value of Sakthivel Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then increased to Rs 300 per sq.ft in 2023, and finally to Rs 330 per sq.ft in 2024.

What is the stamp duty for property in Sakthivel Nagar?

The stamp duty for property in Sakthivel Nagar is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 23,100.

Which office handles property registration in Sakthivel Nagar?

The Ponneri Sub Registrar Office handles property registration in Sakthivel Nagar, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Sakthivel Nagar?

Sakthivel Nagar is classified as Residential Class II Type - I according to the guideline value register.