Guideline Value for SRI SAKTHIVELAN NAGAR

Sri Sakthivelan Nagar guideline value

The current guideline value of Sri Sakthivelan Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Kayirambedu village under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Sri Sakthivelan Nagar has changed

The guideline value for Sri Sakthivelan Nagar has remained consistent at Rs 700 per sq.ft for the 2023 and 2024 revisions. Prior to this, the register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

From 2023 to 2024, there was no change in the guideline value, reflecting a stable valuation at Rs 700 per sq.ft. The consistency in the guideline value indicates a steady assessment without fluctuations in this period.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft, with a median value of Rs 700 per sq.ft. Sri Sakthivelan Nagar's 2024 figure aligns perfectly with this median.

• Sri Ranga Nagar Part-III: Rs 700 per sq.ft (2024)
• Sri Ranga Nagar: Rs 700 per sq.ft (2024)
• Sri Velan Nagar: Rs 2,389 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 700 per sq.ft (2024)
• Subramaniapuram: Rs 1,001 per sq.ft (2024)
• SRI KRCNagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sakthivelan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Sakthivelan Nagar?

Sri Sakthivelan Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value serves as a benchmark for property transactions in Kayirambedu, determining the minimum value at which a property can be registered. When buying or selling property, this value is crucial for calculating the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it directly influences the overall cost of property registration. Ensuring compliance with these values helps in smooth and transparent property dealings.

Frequently asked questions

What is the current guideline value of Sri Sakthivelan Nagar?

The current guideline value of Sri Sakthivelan Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft for both the 2023 and 2024 revisions, with no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Sri Sakthivelan Nagar?

Sri Sakthivelan Nagar is classified as Residential Special Type - II, indicating its intended use for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000, leading to a stamp duty of Rs 49,000.