Guideline Value for SRI SAKTHI NAGAR

Sri Sakthi Nagar guideline value

The current guideline value of Sri Sakthi Nagar, located in Thadaperumbakkam village under the Ponneri SRO, is Rs 501 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Sri Sakthi Nagar has changed

Over the years, the guideline value of Sri Sakthi Nagar has seen significant changes. The 2012 revision recorded a value of Rs 200 per sq.ft, which then decreased to Rs 134 per sq.ft in 2017. Following this, the value increased to Rs 300 per sq.ft in 2023, and most recently, it rose to Rs 501 per sq.ft in the 2024 revision, marking an overall increase of 151% from 2012 to 2024.

From 2023 to 2024, there was an increase of 67%. The 2017 revision did not have a figure for this street in the register, and there are also no figures available for the years 2002, 2003, and 2007.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 1,500 per sq.ft. The median value is Rs 501 per sq.ft, which is the same as the guideline value for Sri Sakthi Nagar.

• Sri Sai Nagar: Rs 600 per sq.ft (2024)
• Sri Vinayaga Nagar: Rs 501 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 501 per sq.ft (2024)
• Subbu Lakshmi Ammal Nagar: Rs 1,500 per sq.ft (2024)
• Sri Meenal Nagar: Rs 501 per sq.ft (2024)
• Sri Krishna Residency: Rs 600 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 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020, bringing the total cost to Rs 45,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sakthi Nagar?

Sri Sakthi Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thadaperumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the transaction is legally recognized and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Sri Sakthi Nagar?

The current guideline value of Sri Sakthi Nagar is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 501 per sq.ft in 2024, with various revisions in between showing fluctuations.

What is the land classification for Sri Sakthi Nagar?

Sri Sakthi Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

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

For a property valued at Rs 5,01,000, the stamp duty would be Rs 35,070 and the registration fee would be Rs 10,020, totaling Rs 45,090.

Which office handles the registration for Sri Sakthi Nagar?

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