Guideline Value for SRI SAKTHI NAGAR

Sri Sakthi Nagar guideline value

The current guideline value of Sri Sakthi Nagar is Rs 350 per sq.ft, effective from 1 July 2024. This area is located in Pudupet village under the Pallipattu SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Sakthi Nagar has changed

Looking at the historical revisions, the guideline value for Sri Sakthi Nagar was Rs 234 per sq.ft in 2017. It remained at Rs 350 per sq.ft in the 2023 revision and continues to hold the same value in the 2024 revision, showing a 50% increase from 2017 to 2023 and an overall increase of 50% from 2017 to 2024. The register has no figures for this street in the years 2002, 2003, 2007, and 2012.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 350 per sq.ft. The consistent value in the latest revisions indicates stability in the guideline value for Sri Sakthi Nagar.

Guideline values in Pudupet

Pudupet village has 42 streets under the Pallipattu SRO with a 2024 guideline value ranging from Rs 102 to Rs 600 per sq.ft. The median value for these streets is Rs 350 per sq.ft, which is equal to the guideline value of Sri Sakthi Nagar.

• Subramaniya Nagar: Rs 600 per sq.ft (2024)
• Thalapathi Sivaraj Street: Rs 102 per sq.ft (2024)
• Theridistreet Santhu: Rs 300 per sq.ft (2024)
• Sholighur Road: Rs 500 per sq.ft (2024)
• Santhapet 2 Street: Rs 500 per sq.ft (2024)
• Santhapet 1 Street: Rs 500 per sq.ft (2024)

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 350 per sq.ft, the total guideline value would be Rs 3,50,000. The stamp duty at 7% would amount to Rs 24,500, while the registration fee at 2% would be Rs 7,000, bringing the total fees together to Rs 31,500. 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 Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.

You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Pudupet. When a property is bought or sold, the guideline value is used to determine the stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it directly influences the financial aspects of property registration. Understanding these values can help in making informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Sri Sakthi Nagar?

The current guideline value of Sri Sakthi Nagar is Rs 350 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 234 per sq.ft in 2017 and increased to Rs 350 per sq.ft in both 2023 and 2024, reflecting a 50% increase from 2017 to 2023 and overall from 2017 to 2024.

What are the other streets in Pudupet and their guideline values?

Other streets in Pudupet include Subramaniya Nagar at Rs 600 per sq.ft, Thalapathi Sivaraj Street at Rs 102 per sq.ft, and several others, with the guideline values ranging from Rs 102 to Rs 600 per sq.ft.

How is stamp duty calculated for properties in Sri Sakthi Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the guideline value of Rs 350 per sq.ft would incur a stamp duty of Rs 24,500.

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

The Sub Registrar Office for Sri Sakthi Nagar is located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find more details by visiting the official website.