Guideline Value for SRI SAKTHI NAGAR

Sri Sakthi Nagar guideline value

The current guideline value of Sri Sakthi Nagar is Rs 300 per sq.ft, as per the 2023 revision. This area falls under Thozhuvur village and is classified as Residential Class III Type - II. The relevant Sub Registrar Office for this location is Tiruvallur Joint 1 SRO.

How the guideline value of Sri Sakthi Nagar has changed

Over the years, the guideline value of Sri Sakthi Nagar has seen various revisions. The 2012 revision set the guideline value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. However, in the 2023 revision, the value increased to Rs 300 per sq.ft again.

From 2017 to 2023, there was an increase of 49% in the guideline value. Comparing the 2012 and 2017 revisions, there was a decrease of 33%. Overall, from 2012 to 2023, the guideline value has remained at Rs 300 per sq.ft, indicating no change during this period.

Guideline values in Thozhuvur

Currently, there are no specific guideline values provided for other streets in Thozhuvur. Sri Sakthi Nagar is the only street mentioned under the Tiruvallur Joint 1 SRO.

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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty, charged at 7%, would be Rs 21,000, while the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sakthi Nagar?

The Sub Registrar Office that covers Sri Sakthi Nagar is Tiruvallur Joint 1 SRO, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001, Chennai registration zone. For more details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thozhuvur. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property transaction takes place, the guideline value ensures that the appropriate taxes are collected by the government. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sakthi Nagar?

The current guideline value of Sri Sakthi Nagar is Rs 300 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, and then back to Rs 300 per sq.ft in 2023.

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

For a 1,000 sq.ft plot at the current guideline value, the stamp duty is Rs 21,000 and the registration fee is Rs 6,000, totaling Rs 27,000.

Which office handles property registrations in Sri Sakthi Nagar?

The Tiruvallur Joint 1 SRO handles property registrations for Sri Sakthi Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the guideline value used during property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is charged on the higher of the guideline value or the sale price.