Guideline Value for SRI SIVASAKTHI NAGAR

Sri Sivasakthi Nagar guideline value

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

How the guideline value of Sri Sivasakthi Nagar has changed

Over the years, the guideline value of Sri Sivasakthi Nagar has seen several revisions. The earliest recorded revision was in 2012, with a guideline value of Rs 125 per sq.ft. This figure then changed to Rs 84 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 126 per sq.ft, which has remained the same through the 2024 revision.

The 2024 revision shows no change from the 2023 revision, maintaining the guideline value at Rs 126 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kammarajapuram

In Kammarajapuram, four streets under the Walajabad SRO have a 2024 guideline value ranging from Rs 100 to Rs 126 per sq.ft, with the median value being Rs 126 per sq.ft. Sri Sivasakthi Nagar's guideline value aligns with this median.

• Sri Sivasakthi Nagar Extention: 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

For a 1,000 sq.ft plot at the current rate of Rs 126 per sq.ft, the guideline value would be Rs 1,26,000. The stamp duty at 7% would amount to Rs 8,820, and the registration fee at 2% would be Rs 2,520, making the total Rs 11,340. It is important to note that 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 information.

Which Sub Registrar Office covers Sri Sivasakthi Nagar?

The Sub Registrar Office that covers Sri Sivasakthi Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kammarajapuram. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property sales.

When purchasing or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Sri Sivasakthi Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then increased to Rs 126 per sq.ft in 2023 and has remained the same in 2024.

What are the other streets in Kammarajapuram with guideline values?

Other streets in Kammarajapuram include Sri Sivasakthi Nagar Extention at Rs 126 per sq.ft, Sri Sathya Sai Nagar at Rs 100 per sq.ft, and Thirupathy Nagar at Rs 126 per sq.ft, all as of 2024.

What is the stamp duty for property in Sri Sivasakthi Nagar?

The stamp duty for property in Sri Sivasakthi Nagar is 7% of the guideline value or sale price, whichever is higher. For a plot of 1,000 sq.ft, the stamp duty would be Rs 8,820 based on the current guideline value.

Where is the Sub Registrar Office for Sri Sivasakthi Nagar located?

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