Guideline Value

Corporate

Guideline Value for SRI SAKTHI NAGAR

₹200/sq.ft.

The guideline value for Sri Sakthi Nagar in Nayakkankuppam village (Walajabad SRO, Chengalpattu zone) is Rs 200 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nayakkankuppam

Village

Walajabad

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹200 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /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)

Sriperumbudur Road, Walajabad-631 605
044-27257430
[email protected]

DRO (District Registrar Office)

No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[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

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Sri Sakthi Nagar guideline value

The current guideline value of Sri Sakthi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Nayakkankuppam village, under the jurisdiction of the Walajabad SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sri Sakthi Nagar has changed

The guideline value for Sri Sakthi Nagar has undergone several revisions over the years. In 2012, the guideline value was Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision, maintaining this rate in the 2024 revision, resulting in an overall change of 0% from 2012 to 2024.

From 2017 to 2023, there was a notable increase of 49%, bringing the value back to Rs 200 per sq.ft. The most recent revisions in 2023 and 2024 saw no change in the guideline value, remaining at Rs 200 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nayakkankuppam

In Nayakkankuppam, there are 23 streets under the Walajabad SRO that have a 2024 guideline value ranging from Rs 150 to Rs 403 per sq.ft, with a median value of Rs 200 per sq.ft. Sri Sakthi Nagar's 2024 figure is equal to this median.

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 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, together totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sakthi Nagar?

The Sub Registrar Office that covers Sri Sakthi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nayakkankuppam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Sri Sakthi Nagar?

The current guideline value of Sri 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 in the revisions of 2023 and 2024. It saw a decrease to Rs 134 per sq.ft in 2017 from Rs 200 per sq.ft in 2012, and then increased back to Rs 200 per sq.ft in 2023.

What are the other streets in Nayakkankuppam with their guideline values?

Other streets in Nayakkankuppam include Sri Sai Township at Rs 150 per sq.ft, Sri Vetrivel Nagar at Rs 200 per sq.ft, Sri Ragavendira Nagar at Rs 250 per sq.ft, Sri Mahalakshmi Nagar at Rs 403 per sq.ft, Sri Babuji Nagar at Rs 200 per sq.ft, and Sree Sastha Avenue at Rs 150 per sq.ft, all for the year 2024.

What is the stamp duty rate applicable in Sri Sakthi Nagar?

The stamp duty rate applicable in Sri Sakthi Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Sri Sakthi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.