Guideline Value

Corporate

Guideline Value for SREE SAKTHI NAGAR

₹626/sq.ft.

The guideline value for Sree Sakthi Nagar in Kakkalur village (Tiruvallur Joint 1 SRO, Chennai zone) is Rs 626 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kakkalur

Village

Tiruvallur Joint 1

SRO

Residential Class II Type - III
History
Period Guideline Value
From 1-7-2024 ₹626 /sq.ft.
From 1-4-2023 ₹626 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹419 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹625 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.
044-27666992
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sree Sakthi Nagar

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Sree Sakthi Nagar guideline value

The current guideline value of Sree Sakthi Nagar is Rs 626 per sq.ft, effective from 1 July 2024. This area is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this street is Residential Class II Type - III.

How the guideline value of Sree Sakthi Nagar has changed

In the 2012 revision, the guideline value was Rs 625 per sq.ft. This figure saw a decrease of 33% by the 2017 revision, which set the value at Rs 419 per sq.ft. The value then increased significantly by 49% to Rs 626 per sq.ft in the 2023 revision, and it remained unchanged at Rs 626 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen no change, remaining at Rs 626 per sq.ft. The fluctuations in the guideline value reflect the specific changes recorded in the revisions, particularly the substantial increase from 2017 to 2023.

Guideline values in Kakkalur

Kakkalur village has a total of 133 streets under the Tiruvallur Joint 1 SRO, with the 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 626 per sq.ft, which is equal to the current guideline value of Sree Sakthi Nagar.

Stamp duty and registration fee for property in Sree Sakthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 626 per sq.ft, the guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total fees to Rs 56,340. It is important to note that the 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 more information.

Which Sub Registrar Office covers Sree Sakthi Nagar?

The Sub Registrar Office covering Sree Sakthi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for further assistance.

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

When buying or selling property in Kakkalur, the guideline value plays a crucial role in determining the official value of the property for registration purposes. It is essential for calculating stamp duty and registration fees, which are based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is important for both buyers and sellers, as it ensures compliance with legal requirements during property transactions. It helps in establishing a clear and transparent process for property registration in the area.

Frequently asked questions

What is the current guideline value of Sree Sakthi Nagar?

The current guideline value of Sree Sakthi Nagar is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has fluctuated, starting at Rs 625 per sq.ft in 2012, dropping to Rs 419 per sq.ft in 2017, and then rising to Rs 626 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for Sree Sakthi Nagar?

Sree Sakthi Nagar is classified as Residential Class II Type - III, indicating its suitability for residential development.

What is the stamp duty for property in Sree Sakthi Nagar?

The stamp duty for property in Sree Sakthi Nagar is 7% of the guideline value or sale price, whichever is higher. For example, for a plot valued at Rs 6,26,000, the stamp duty would be Rs 43,820.

Where is the Sub Registrar Office for Sree Sakthi Nagar located?

The Sub Registrar Office for Sree Sakthi Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.