Guideline Value for SRI SAKTHI NAGAR

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 area is located in Thiruvellvoyal village under the Ponneri SRO and is classified as Residential Class III Type - V.

How the guideline value of Sri Sakthi Nagar has changed

The guideline value for Sri Sakthi Nagar has seen significant changes over the years. The earliest available revision is from 2017, where the guideline value was Rs 100 per sq.ft. This figure was then revised to Rs 200 per sq.ft in 2023, marking a 100% increase. The latest revision in 2024 maintains this value at Rs 200 per sq.ft, showing no change from the previous year.

There are no figures available in the register for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 100%.

Guideline values in Thiruvellvoyal

In Thiruvellvoyal, there are 12 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 200 per sq.ft, with the median also being Rs 200 per sq.ft. Sri Sakthi Nagar's 2024 figure matches this median.

• Sri Sakthi Nagar Extention: Rs 150 per sq.ft (2024)
• Sri Vel Nagar: Rs 200 per sq.ft (2024)
• Selliyamman Nagar: Rs 200 per sq.ft (2024)
• Sai Sudha Nagar: Rs 200 per sq.ft (2024)
• Vetri Nagar: Rs 200 per sq.ft (2024)
• Radha Mudaliar Nagar: Rs 200 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total charges Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

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 Thiruvellvoyal

The guideline value is a critical factor during property registration in Thiruvellvoyal. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of property transactions.

When a property is bought or sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

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 increased from Rs 100 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and has remained at Rs 200 per sq.ft in 2024, showing a 100% increase overall from 2017 to 2024.

What are the other streets in Thiruvellvoyal?

Other streets in Thiruvellvoyal include Sri Sakthi Nagar Extention, Sri Vel Nagar, Selliyamman Nagar, Sai Sudha Nagar, Vetri Nagar, and Radha Mudaliar Nagar, with guideline values ranging from Rs 150 to Rs 200 per sq.ft.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

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

The stamp duty for properties in Sri Sakthi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.