Guideline Value

Corporate

Guideline Value for SRI SAKTHI NAGAR

₹555/sq.ft.

The guideline value for Sri Sakthi Nagar in Vellanoor-2 village (Avadi SRO, Chennai zone) is Rs 555 per sq.ft, effective 1 July 2024. It was Rs 500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vellanoor-2

Village

Avadi

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹555 /sq.ft.
From 1-4-2023 ₹500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[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, located in Vellanoor-2 village under the Avadi SRO, is Rs 555 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Sakthi Nagar has changed

The guideline value for Sri Sakthi Nagar has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which was then increased to Rs 555 per sq.ft in the 2024 revision, marking an increase of 11%.

This means that the most recent revision in 2024 reflects a significant adjustment from the previous year. The 2024 guideline value of Rs 555 per sq.ft aligns with the median guideline value of Rs 555 per sq.ft for the 31 streets in Vellanoor-2 under the Avadi SRO.

Guideline values in Vellanoor-2

In Vellanoor-2, the guideline values for various streets range from Rs 440 to Rs 1,800 per sq.ft, with the median value being Rs 555 per sq.ft. Sri Sakthi Nagar's 2024 guideline value matches 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 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty, charged at 7%, would be Rs 38,850, while the registration fee at 2% would be Rs 11,100. Thus, the total cost for stamp duty and registration fee would be Rs 49,950. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Sri Sakthi Nagar?

Sri Sakthi Nagar falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Vellanoor-2

The guideline value is a crucial factor during the registration of property transactions in Vellanoor-2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the fees are calculated fairly based on the officially recognized value of the property. This process aids in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Sri Sakthi Nagar?

The current guideline value of Sri Sakthi Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sakthi Nagar was Rs 500 per sq.ft in 2023 and increased to Rs 555 per sq.ft in 2024, representing an 11% rise. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sri Sakthi Nagar?

Sri Sakthi Nagar is classified as Residential Class I Type - I, which indicates its designation for residential purposes.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is set at 2%. For example, for a property valued at Rs 5,55,000, the total stamp duty and registration fee would amount to Rs 49,950.

Which office handles property registrations for Sri Sakthi Nagar?

The Avadi Sub Registrar Office is responsible for property registrations in Sri Sakthi Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.