Guideline Value for SRI SAKTHI NAGAR

Sri Sakthi Nagar guideline value

The current guideline value of Sri Sakthi Nagar is Rs 1,300 per sq.ft, as per the 2023 revision. This area falls under Vengadamangalam village and is registered with the Gooduvancheri SRO. The land classification for this street is Mixed Special Type - III.

How the guideline value of Sri Sakthi Nagar has changed

Looking back at the revisions, the guideline value for Sri Sakthi Nagar was Rs 1,300 per sq.ft in the 2017 revision, which remained unchanged in the 2023 revision. This indicates a 0% change between these two revisions.

For the years prior to 2017, the register has no figures for the revisions in 2002, 2003, 2007, 2012, and 2024. Therefore, the only recorded values for this street are from the 2017 and 2023 revisions, both at Rs 1,300 per sq.ft.

Guideline values in Vengadamangalam

Currently, there are no specific village figures provided for Vengadamangalam. Sri Sakthi Nagar is one of the streets under this village, but no other streets in Vengadamangalam are listed.

Stamp duty and registration fee for property in Sri Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sakthi Nagar?

Sri Sakthi Nagar is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vengadamangalam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the government records.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Sakthi Nagar?

The current guideline value of Sri Sakthi Nagar is Rs 1,300 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has remained unchanged at Rs 1,300 per sq.ft in the 2023 revision, indicating a 0% change.

Are there any other streets in Vengadamangalam with guideline values?

No specific figures for other streets in Vengadamangalam are provided, and currently, Sri Sakthi Nagar is the only street mentioned.

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

The total stamp duty for a 1,000 sq.ft plot at the current guideline value would be Rs 91,000, with a registration fee of Rs 26,000, totaling Rs 1,17,000.

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

The Gooduvancheri Sub Registrar Office, which covers Sri Sakthi Nagar, is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.