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Guideline Value

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Guideline Value for SRI SAKTHI NAGAR (WARD -15)

₹660/sq.ft.

The guideline value for Sri Sakthi Nagar (ward -15) in Panangottur village (Chengleput Joint Ii SRO, Chengalpattu zone) is Rs 660 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Panangottur

Village

Chengleput Joint II

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹660 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27422003
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Sakthi Nagar (ward -15)

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Sri Sakthi Nagar (Ward -15) guideline value

The current guideline value of Sri Sakthi Nagar (Ward -15) is Rs 660 per sq.ft, effective from 1 July 2024. This area is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Sri Sakthi Nagar (Ward -15) has changed

Over the years, the guideline value of Sri Sakthi Nagar has undergone several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which was then revised to Rs 402 per sq.ft in 2017, marking a decrease of 33%. The value saw a significant increase to Rs 600 per sq.ft in 2023, followed by a further increase to Rs 660 per sq.ft in 2024, reflecting a 10% rise. The overall change from 2012 to 2024 shows an increase of 10%.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. The 2023 to 2024 revision resulted in a 10% increase, while the 2017 to 2023 revision saw a substantial increase of 49%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in this village is Rs 990 per sq.ft, placing the 2024 figure of Sri Sakthi Nagar below this median.

Stamp duty and registration fee for property in Sri Sakthi Nagar (Ward -15)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. 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 Sri Sakthi Nagar (Ward -15)?

The Sub Registrar Office that covers Sri Sakthi Nagar (Ward -15) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Panangottur. It is used to determine the stamp duty and registration fees payable at the time of registration, ensuring that the transaction is recorded accurately in the official records.

When a buyer or seller approaches the registration office, the guideline value is referenced to calculate the necessary fees, which are based on the higher of the guideline value or the actual sale price. This ensures compliance with local regulations and helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sri Sakthi Nagar (Ward -15)?

The current guideline value of Sri Sakthi Nagar (Ward -15) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024. This represents an overall increase of 10% from 2012 to 2024.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, amounting to a total of Rs 59,400.

Which office handles the registration for Sri Sakthi Nagar?

The Chengleput Joint II Sub Registrar Office handles the registration for Sri Sakthi Nagar (Ward -15), located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

What is the median guideline value in Panangottur?

The median guideline value in Panangottur is Rs 990 per sq.ft, with the guideline value of Sri Sakthi Nagar being below this median.