Guideline Value for SRI SAKTHI NAGAR EXTENTION

Sri Sakthi Nagar Extention guideline value

The current guideline value of Sri Sakthi Nagar Extention is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Thiruvellvoyal village and falls under the Ponneri SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Sri Sakthi Nagar Extention has changed

According to the guideline value register, there are no figures available for Sri Sakthi Nagar Extention for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision also listed the guideline value as Rs 150 per sq.ft, which remained unchanged in the 2024 revision.

From 2023 to 2024, the guideline value saw a change of +0%, maintaining the rate at Rs 150 per sq.ft. This consistency indicates stability in the valuation for this street over the past two years.

Guideline values in Thiruvellvoyal

In Thiruvellvoyal, there are 12 streets under the Ponneri SRO that carry a guideline value for 2024, ranging from Rs 150 to Rs 200 per sq.ft, with a median value of Rs 200 per sq.ft. Sri Sakthi Nagar Extention's 2024 figure is below that median.

• Sri Sakthi Nagar: Rs 150 per sq.ft (2024)
• Sri Vel Nagar: Rs 200 per sq.ft (2024)
• Selliyamman Nagar: Rs 200 per sq.ft (2024)
• Sai Sudha Nagar: Rs 200 per sq.ft (2024)
• Vetri Nagar: Rs 200 per sq.ft (2024)
• Radha Mudaliar Nagar: Rs 200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total to Rs 13,500. 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 precise calculations based on your property details.

Which Sub Registrar Office covers Sri Sakthi Nagar Extention?

The Sub Registrar Office that covers Sri Sakthi Nagar Extention is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. To learn more about your local SRO, you can find your SRO.

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

The guideline value plays a crucial role during property registration in Thiruvellvoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are essential costs that must be factored into the overall transaction expenses. Buyers should be aware of the guideline value to ensure compliance with local regulations.

Frequently asked questions

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

The current guideline value of Sri Sakthi Nagar Extention is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no figures available for the years 2002, 2003, 2007, 2012, and 2017. The guideline value was Rs 150 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years.

What is the stamp duty for property in Sri Sakthi Nagar Extention?

The stamp duty for property in Sri Sakthi Nagar Extention is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 1,50,000, the stamp duty would be Rs 10,500.

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

The Sub Registrar Office for Sri Sakthi Nagar Extention is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value determined for properties in Thiruvellvoyal?

The guideline value is determined based on various factors, including land classification and market conditions. It serves as a reference point for property transactions and is updated periodically by the Registration Department.