Guideline Value for SARDHAR PETEL NAGAR

Sardhar Petel Nagar guideline value

The current guideline value of Sardhar Petel Nagar is Rs 1,645 per sq.ft, effective from 1 July 2024. This street is located in the village of Thirukkachur - 1, under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Sardhar Petel Nagar has changed

The guideline value for Sardhar Petel Nagar has seen significant changes over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,000 per sq.ft, which was then increased by 65% to Rs 1,645 per sq.ft in the 2024 revision.

This increase reflects the adjustments made in the guideline values over the years, with the most recent revision marking a notable rise in value. The 2024 figure is higher than the previous year's value, indicating a substantial change in the guideline value for this street.

Guideline values in Thirukkachur - 1

In Thirukkachur - 1, there are 86 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 385 to Rs 3,300 per sq.ft. The median guideline value in this village is Rs 660 per sq.ft, placing Sardhar Petel Nagar's 2024 figure above that median.

• Sasthri Street: Rs 550 per sq.ft (2024)
• Sanjeevi Nagar: Rs 550 per sq.ft (2024)
• Sai Sri Vari Nagar: Rs 2,200 per sq.ft (2024)
• Sai Nagar: Rs 2,200 per sq.ft (2024)
• South Mada Veedhi: Rs 550 per sq.ft (2024)
• Sri Iyyappa Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Sardhar Petel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,645 per sq.ft, the total guideline value amounts to Rs 16,45,000. The stamp duty at 7% would be Rs 1,15,150, and the registration fee at 2% would be Rs 32,900, bringing the total cost together to Rs 1,48,050. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating costs, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sardhar Petel Nagar?

The Sub Registrar Office that covers Sardhar Petel Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thirukkachur - 1

The guideline value plays a crucial role in the registration process of property transactions in Thirukkachur - 1. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in this area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Sardhar Petel Nagar?

The current guideline value of Sardhar Petel Nagar is Rs 1,645 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sardhar Petel Nagar was Rs 1,000 per sq.ft in 2023 and increased by 65% to Rs 1,645 per sq.ft in 2024. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sardhar Petel Nagar?

The land classification for Sardhar Petel Nagar is Residential Special Type - V, indicating its designated use for residential purposes.

Where can I find the Chengleput Joint II SRO?

The Chengleput Joint II SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Sardhar Petel Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value results in a total cost of Rs 1,48,050, including stamp duty and registration fees.