Guideline Value for SRI SIVASAKTHI NAGAR

Sri Sivasakthi Nagar guideline value

The current guideline value of Sri Sivasakthi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This village is located under the Walajabad SRO and is classified as Residential Class I Type - II.

How the guideline value of Sri Sivasakthi Nagar has changed

The guideline value for Sri Sivasakthi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft, which remained unchanged at Rs 300 per sq.ft in the 2023 revision and continues at the same rate in the 2024 revision, showing a 49% increase from 2017 to 2023 and overall from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. Therefore, the only recorded revisions are from 2017, 2023, and 2024, with no changes in value between 2023 and 2024.

Guideline values in Uthukkadu - A

In Uthukkadu - A, there are 38 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 350 per sq.ft. The guideline value for Sri Sivasakthi Nagar is below this median.

• Sri Shivam Avenue: Rs 350 per sq.ft (2024)
• Sri Sudharsan Gardens: Rs 300 per sq.ft (2024)
• Sri Rangiyam Karuppar Avenue: Rs 350 per sq.ft (2024)
• Srinath Nagar: Rs 800 per sq.ft (2024)
• Sri Lakshmi Narasimma Perumal Nagar: Rs 350 per sq.ft (2024)
• Sri Lakshmi Narasima Perumal Nagar: Rs 350 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 guideline value of Rs 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, making the total charges Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Sivasakthi Nagar?

Sri Sivasakthi Nagar 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 Uthukkadu - A

The guideline value is an essential factor when registering property in Uthukkadu - A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the property's value. This process is crucial for maintaining transparency and legality in real estate transactions.

Frequently asked questions

What is the current guideline value of Sri Sivasakthi Nagar?

The current guideline value of Sri Sivasakthi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2023 to 2024. It increased from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification of Sri Sivasakthi Nagar?

Sri Sivasakthi Nagar is classified as Residential Class I Type - II according to the current guidelines.

What are the stamp duty and registration fees for property in Sri Sivasakthi Nagar?

The stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees would amount to Rs 27,000.

Which office handles registrations for Sri Sivasakthi Nagar?

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