Guideline Value for SRI SIVASAKTHI NAGAR EXTENTION

Sri Sivasakthi Nagar Extention guideline value

The current guideline value of Sri Sivasakthi Nagar Extention is Rs 126 per sq.ft, effective from 1 July 2024. This area is located in Kammarajapuram village, under the Walajabad Sub Registrar Office (SRO). The land classification for this region is Residential Class I Type - I.

How the guideline value of Sri Sivasakthi Nagar Extention has changed

The guideline value for Sri Sivasakthi Nagar Extention has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 126 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the value was Rs 84 per sq.ft, reflecting a 50% increase from 2017 to 2023. In 2012, the value was Rs 125 per sq.ft, which indicates a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 1%.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024.

Guideline values in Kammarajapuram

In Kammarajapuram, there are four streets that carry a 2024 guideline value, ranging from Rs 100 to Rs 126 per sq.ft. The median value for these streets is Rs 126 per sq.ft, which is equal to the guideline value for Sri Sivasakthi Nagar Extention.

• Sri Sivasakthi Nagar: Rs 126 per sq.ft (2024)
• Sri Sathya Sai Nagar: Rs 100 per sq.ft (2024)
• Thirupathy Nagar: Rs 126 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sivasakthi Nagar Extention

For a 1,000 sq.ft plot at the current rate of Rs 126 per sq.ft, the guideline value amounts to Rs 1,26,000. The stamp duty at 7% would be Rs 8,820, and the registration fee at 2% would be Rs 2,520, bringing the total to Rs 11,340. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Sivasakthi Nagar Extention?

The Sri Sivasakthi Nagar Extention falls under the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a significant role when buying or selling property in Kammarajapuram, as it is used to calculate the stamp duty and registration fees. Buyers and sellers must be aware that the guideline value is the basis for these charges, ensuring that the transaction is legally compliant.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Sivasakthi Nagar Extention?

The current guideline value of Sri Sivasakthi Nagar Extention is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 126 per sq.ft from 2023 to 2024. It was Rs 126 per sq.ft in 2012, Rs 84 per sq.ft in 2017, and has seen a 50% increase from 2017 to 2023.

What are the other streets in Kammarajapuram with guideline values?

Other streets in Kammarajapuram include Sri Sathya Sai Nagar with a guideline value of Rs 100 per sq.ft and Thirupathy Nagar with a value of Rs 126 per sq.ft, both for the year 2024.

What is the registration office for properties in Sri Sivasakthi Nagar Extention?

The registration office for properties in Sri Sivasakthi Nagar Extention is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sri Sivasakthi Nagar Extention?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 126 per sq.ft results in a guideline value of Rs 1,26,000, leading to a total stamp duty and registration fee of Rs 11,340.