Guideline Value for SHAKILA NAGAR

Shakila Nagar guideline value

The current guideline value of Shakila Nagar is Rs 130 per sq.ft, effective from 1 July 2024. This area is located in Elavur village under the Gummidipoondi SRO, and it is classified as Residential Special Type - I.

How the guideline value of Shakila Nagar has changed

According to the guideline value register, there have been several revisions for Shakila Nagar. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revisions show that the guideline value was Rs 130 per sq.ft for both 2023 and 2024, indicating no change between these two revisions, with an increase of 0% from 2023 to 2024.

The 2024 revision marks the current guideline value at Rs 130 per sq.ft, which is consistent with the previous year's figure of Rs 130 per sq.ft. This stability in the guideline value suggests a consistent valuation for the property in Shakila Nagar over the past two years.

Guideline values in Elavur

In Elavur, five streets under the Gummidipoondi SRO have a 2024 guideline value ranging from Rs 130 to Rs 195 per sq.ft, with a median value of Rs 130 per sq.ft. Shakila Nagar's 2024 guideline value aligns with this median.

• Sontham Nagar: Rs 130 per sq.ft (2024)
• Sri Sai Krishna Garden: Rs 195 per sq.ft (2024)
• Divine Nagar: Rs 130 per sq.ft (2024)
• New Sun City: Rs 130 per sq.ft (2024)

Stamp duty and registration fee for property in Shakila Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 130 per sq.ft, the total guideline value amounts to Rs 1,30,000. The stamp duty at 7% would be Rs 9,100, and the registration fee at 2% would be Rs 2,600, making the total cost for these fees Rs 11,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shakila Nagar?

The Sub Registrar Office that covers Shakila Nagar is the Gummidipoondi Sub Registrar Office, located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Elavur. It is used to determine the minimum value at which a property can be registered, ensuring that the appropriate stamp duty and registration fees are applied based on this value.

When buyers or sellers engage in a property transaction, the guideline value is referenced to calculate the fees involved. This ensures transparency and consistency in property valuations across the region, as all transactions are subject to the same guideline values set by the registration authorities.

Frequently asked questions

What is the current guideline value of Shakila Nagar?

The current guideline value of Shakila Nagar is Rs 130 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Shakila Nagar has remained Rs 130 per sq.ft for both 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Shakila Nagar?

Shakila Nagar is classified as Residential Special Type - I, indicating its designation for residential use within the area.

Where is the Sub Registrar Office for Shakila Nagar located?

The Gummidipoondi Sub Registrar Office, which covers Shakila Nagar, is located at No.9, Grc Complex, G.n.t.road, Gummidipoondi-601201, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the guideline value. For example, a 1,000 sq.ft plot at Rs 130 per sq.ft would incur a total guideline value of Rs 1,30,000, leading to specific fees for registration.