Guideline Value for SRI SIVASAKTHI NAGAR

Sri Sivasakthi Nagar guideline value

The current guideline value of Sri Sivasakthi Nagar is Rs 555 per sq.ft, effective from 1 July 2024. This area is located in Vellanoor-1 village under the Avadi SRO and is classified as Residential Class I Type - I.

How the guideline value of Sri Sivasakthi Nagar has changed

The guideline value for Sri Sivasakthi Nagar has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 500 per sq.ft, which increased to Rs 555 per sq.ft in the 2024 revision, marking an increase of 11%.

In summary, the most recent figures show a clear upward trend from Rs 500 in 2023 to Rs 555 in 2024. The current guideline value aligns with the median value of Rs 555 per sq.ft for the 34 streets in Vellanoor-1 under the Avadi SRO.

Guideline values in Vellanoor-1

In Vellanoor-1, the guideline values for various streets range from Rs 440 to Rs 1,980 per sq.ft, with a median of Rs 555 per sq.ft. Sri Sivasakthi Nagar's 2024 figure matches this median value.

• Sri Perumal Nagar: Rs 555 per sq.ft (2024)
• Sri Krishna Nagar: Rs 555 per sq.ft (2024)
• Sri Ganapathy Nagar Annexe: Rs 440 per sq.ft (2024)
• Thanigai Nagar: Rs 555 per sq.ft (2024)
• Shreyas Mini Town: Rs 1,980 per sq.ft (2024)
• Thiruvallur Nagar: Rs 440 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 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty at 7% would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, leading to a total of Rs 49,950. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sivasakthi Nagar?

The Sub Registrar Office that covers Sri Sivasakthi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

You can find your SRO for more details.

How the guideline value is used when you buy or sell in Vellanoor-1

The guideline value plays a crucial role in the registration process of property transactions in Vellanoor-1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the sale price is not undervalued.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions within the area.

Frequently asked questions

What is the current guideline value of Sri Sivasakthi Nagar?

The current guideline value of Sri Sivasakthi Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sivasakthi Nagar has changed from Rs 500 per sq.ft in 2023 to Rs 555 per sq.ft in 2024, marking an increase of 11%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Sri Sivasakthi Nagar?

Sri Sivasakthi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 555 per sq.ft, the total guideline value is Rs 5,55,000. The stamp duty would be Rs 38,850, and the registration fee would be Rs 11,100, totaling Rs 49,950.

Which Sub Registrar Office covers Sri Sivasakthi Nagar?

The Avadi Sub Registrar Office covers Sri Sivasakthi Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.