Guideline Value for SHAKTHI MURUGAN NAGAR

Shakthi Murugan Nagar guideline value

The current guideline value of Shakthi Murugan Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Thadaperumbakkam village and falls under the Ponneri SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Shakthi Murugan Nagar has changed

According to the guideline value register, there are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Shakthi Murugan Nagar. The 2023 revision set the guideline value at Rs 500 per sq.ft, which was an increase from the previous years where no figures were recorded.

The most recent revision in 2024 raised the guideline value to Rs 600 per sq.ft, marking a 20% increase from the 2023 figure. This change reflects the current valuation as of July 2024.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that have a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft, with a median value of Rs 501 per sq.ft. Shakthi Murugan Nagar's 2024 figure of Rs 600 per sq.ft is above this median.

• Senthamizh Nagar: Rs 600 per sq.ft (2024)
• Selvavinayagar Kudi Iruppu: Rs 501 per sq.ft (2024)
• Sindur Nagar: Rs 501 per sq.ft (2024)
• Sivagami Nagar: Rs 501 per sq.ft (2024)
• Sri Amman Nagar: Rs 501 per sq.ft (2024)
• Sri Balaji Avenue: Rs 501 per sq.ft (2024)

Stamp duty and registration fee for property in Shakthi Murugan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. Please note that 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 further calculations.

Which Sub Registrar Office covers Shakthi Murugan Nagar?

The Sub Registrar Office covering Shakthi Murugan 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 Thadaperumbakkam

The guideline value is a crucial factor when registering property transactions in Thadaperumbakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue through stamp duty and registration fees.

When you buy or sell property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted transparently and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Shakthi Murugan Nagar?

The current guideline value of Shakthi Murugan Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2023 to Rs 600 per sq.ft in 2024, representing a 20% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Shakthi Murugan Nagar?

Shakthi Murugan Nagar is classified as Residential Class I Type - I, indicating its designation for residential use.

What is the stamp duty rate for property in Shakthi Murugan Nagar?

The stamp duty rate for property transactions in Shakthi Murugan Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Shakthi Murugan Nagar?

The Sub Registrar Office for Shakthi Murugan Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.