Guideline Value for SRI SAI SAKTHI NAGAR

Sri Sai Sakthi Nagar guideline value

The current guideline value of Sri Sai Sakthi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Venmanamputhur village and falls under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Sri Sai Sakthi Nagar has changed

The guideline value for Sri Sai Sakthi Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 134 per sq.ft. The 2023 revision maintained the value at Rs 200 per sq.ft, and the current 2024 revision also keeps it at Rs 200 per sq.ft, showing no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 200 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Venmanamputhur

In Venmanamputhur, there are 54 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 400 per sq.ft, with a median value of Rs 200 per sq.ft. The guideline value for Sri Sai Sakthi Nagar aligns with this median.

• Sri Ranga Natha Nagar: Rs 200 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 200 per sq.ft (2024)
• St.Marys Nagar: Rs 200 per sq.ft (2024)
• Subbaraya Nagar: Rs 200 per sq.ft (2024)
• Subbaraya Nagar Annex: Rs 200 per sq.ft (2024)
• Suriya Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sai Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sai Sakthi Nagar?

Sri Sai Sakthi Nagar is covered by 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 more information.

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

The guideline value is a crucial factor in property transactions in Venmanamputhur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property. The guideline value ensures that the property is assessed fairly for taxation purposes.

When selling a property, the guideline value can influence the sale price, as it provides a benchmark for both buyers and sellers. It is essential for both parties to be aware of the current guideline value to ensure a smooth transaction.

Frequently asked questions

What is the current guideline value of Sri Sai Sakthi Nagar?

The current guideline value of Sri Sai Sakthi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023. The 2017 revision was Rs 134 per sq.ft.

What is the land classification for Sri Sai Sakthi Nagar?

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

What are the stamp duty and registration fees for a property in Sri Sai Sakthi Nagar?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000, and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where can I find the Sub Registrar Office for Sri Sai Sakthi Nagar?

The Tiruvallur Joint 1 Sub Registrar Office covers Sri Sai Sakthi Nagar and is located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.