Guideline Value for SHRI SAKTHI NAGAR

Shri Sakthi Nagar guideline value

The current guideline value of Shri Sakthi Nagar is Rs 1,232 per sq.ft, effective from 1 July 2024. This area is located in Kaduvancheri village and falls under the Sriperumpudur SRO. The land classification for this street is Mixed Type - III.

How the guideline value of Shri Sakthi Nagar has changed

In the 2017 revision, the guideline value was set at Rs 825 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded a guideline value of Rs 1,232 per sq.ft. The most recent revision in 2024 has kept the guideline value at Rs 1,232 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same rate of change across this period.

Guideline values in Kaduvancheri

In Kaduvancheri, there are 37 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 300 per sq.ft, making the guideline value of Shri Sakthi Nagar above this median.

• Sindhiya Nagar: Rs 200 per sq.ft (2024)
• Sri A.T. Panneerselvam Nagar: Rs 300 per sq.ft (2024)
• Sri Iyappan Nagar (Sri Ayappa Nagar): Rs 250 per sq.ft (2024)
• Sri Ram Nagar: Rs 300 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 300 per sq.ft (2024)
• Ragas: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,232 per sq.ft, the total guideline value amounts to Rs 12,32,000. The stamp duty at 7% would be Rs 86,240, and the registration fee at 2% would be Rs 24,640, making the total charges Rs 1,10,880. 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 detailed calculations.

Which Sub Registrar Office covers Shri Sakthi Nagar?

The Shri Sakthi Nagar area is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Kaduvancheri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable, ensuring that these costs are calculated based on a standardized value set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it impacts the overall cost of property transactions. The registration office will use this value to assess the necessary fees, which must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Shri Sakthi Nagar?

The current guideline value of Shri Sakthi Nagar is Rs 1,232 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%. The value remained the same in the 2023 and 2024 revisions at Rs 1,232 per sq.ft.

What are the guideline values for other streets in Kaduvancheri?

Other streets in Kaduvancheri have varying guideline values, with rates ranging from Rs 100 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft.

What are the stamp duty and registration fees for property in Shri Sakthi Nagar?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 12,32,000, the total charges would amount to Rs 1,10,880.

Which office handles property registrations for Shri Sakthi Nagar?

The Sriperumpudur Sub Registrar Office is responsible for property registrations in Shri Sakthi Nagar, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.