Guideline Value for SHAKTHI VAANAVIL NAGAR

Shakthi Vaanavil Nagar guideline value

The current guideline value for Shakthi Vaanavil Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Mukkarambakkam village under the Arani_Tiruvallur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Shakthi Vaanavil Nagar has changed

The guideline value for Shakthi Vaanavil Nagar has undergone several revisions over the years. The 2017 revision set the value at Rs 67 per sq.ft. This was followed by the 2023 revision, which maintained the value at Rs 100 per sq.ft. The latest revision in 2024 also keeps the value at Rs 100 per sq.ft, reflecting no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, with no change observed between the 2023 and 2024 revisions.

Guideline values in Mukkarambakkam

In Mukkarambakkam, three streets under the Arani_Tiruvallur SRO carry a 2024 guideline value of Rs 100 per sq.ft. The median value for these streets is also Rs 100 per sq.ft, indicating that Shakthi Vaanavil Nagar's 2024 figure aligns with this median.

• Sri Velan Nagar: Rs 100 per sq.ft (2024)
• Anayaa Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Shakthi Vaanavil Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Shakthi Vaanavil Nagar?

The Sub Registrar Office that covers Shakthi Vaanavil Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mukkarambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Shakthi Vaanavil Nagar?

The current guideline value of Shakthi Vaanavil Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and remained the same in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What are the other streets in Mukkarambakkam with the same guideline value?

Other streets in Mukkarambakkam that have a guideline value of Rs 100 per sq.ft in 2024 include Sri Velan Nagar and Anayaa Nagar.

What are the stamp duty and registration fees for property in Shakthi Vaanavil Nagar?

For a 1,000 sq.ft plot, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Shakthi Vaanavil Nagar?

The Arani_Tiruvallur Sub Registrar Office handles property registrations in Shakthi Vaanavil Nagar. It is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai.