Guideline Value

Corporate

Guideline Value for SRI SAKTHI SAIRAM NAGAR

₹220/sq.ft.

The guideline value for Sri Sakthi Sairam Nagar in Vallur village (Thiruvottiyur SRO, Chennai zone) is Rs 220 per sq.ft, effective 1 July 2024. It was Rs 200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vallur

Village

Thiruvottiyur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹220 /sq.ft.
From 1-4-2023 ₹200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Sairam Nagar

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Sri Sakthi Sairam Nagar guideline value

The current guideline value of Sri Sakthi Sairam Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This street is located in Vallur village under the Thiruvottiyur SRO and is classified as Residential Class II Type - I.

How the guideline value of Sri Sakthi Sairam Nagar has changed

The guideline value for Sri Sakthi Sairam Nagar has seen several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 134 per sq.ft. This increased to Rs 200 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 set the value at Rs 220 per sq.ft, which is a 10% increase from the previous year.

Between 2017 and 2024, the overall increase in the guideline value is 64%. There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

Vallur village has a total of 75 streets under the Thiruvottiyur SRO, with guideline values ranging from Rs 220 to Rs 551 per sq.ft. The median guideline value is Rs 220 per sq.ft, which is the same as the current value for Sri Sakthi Sairam Nagar.

Stamp duty and registration fee for property in Sri Sakthi Sairam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, making the total fees together Rs 19,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Sakthi Sairam Nagar?

The Sub Registrar Office that covers Sri Sakthi Sairam Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Vallur, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is important to note that the stamp duty is charged based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sakthi Sairam Nagar?

The current guideline value of Sri Sakthi Sairam Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 134 per sq.ft in 2017 to Rs 220 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the registration office for Sri Sakthi Sairam Nagar?

The registration office for Sri Sakthi Sairam Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated in Vallur?

Stamp duty in Vallur is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.

What are the other streets in Vallur with similar guideline values?

Other streets in Vallur with a guideline value of Rs 220 per sq.ft include Sri Malli Nagar, Sri Mahalakshmi Nagar, Sujitha Avenue, and Sri Ganesh Garden.