Guideline Value for SSLF CITY DR.SAKTHIVEL NAGAR

Sslf City Dr.Sakthivel Nagar guideline value

The current guideline value of Sslf City Dr.Sakthivel Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Andavakkam village and falls under the Madurandakam SRO. The land classification for this street is Residential Special Type - III.

How the guideline value of Sslf City Dr.Sakthivel Nagar has changed

The guideline value of Sslf City Dr.Sakthivel Nagar has seen several revisions over the years. In 2012, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a decline of 33%. The value then increased by 50% in the 2023 revision to Rs 150 per sq.ft, which has been retained in the 2024 revision, showing no change from the previous year.

There are also revisions from earlier years for which the register has no figure for this street. Specifically, there are no figures available for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained at Rs 150 per sq.ft.

Guideline values in Andavakkam

In Andavakkam, there are seven streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 300 per sq.ft. The median value among these streets is Rs 150 per sq.ft, which is equal to the current guideline value of Sslf City Dr.Sakthivel Nagar.

• Sri Manoprabu Nagar: Rs 100 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 100 per sq.ft (2024)
• Victory Nagar Phase-I: Rs 250 per sq.ft (2024)
• Royal Farms: Rs 100 per sq.ft (2024)
• Eyarkkai Nagar Phase-I&ii: Rs 300 per sq.ft (2024)
• Eyarkai Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Sslf City Dr.Sakthivel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sslf City Dr.Sakthivel Nagar?

The Sub Registrar Office that covers Sslf City Dr.Sakthivel Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Andavakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sslf City Dr.Sakthivel Nagar?

The current guideline value of Sslf City Dr.Sakthivel Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then increased to Rs 150 per sq.ft in 2023 and has remained the same in 2024.

What is the land classification for Sslf City Dr.Sakthivel Nagar?

The land classification for Sslf City Dr.Sakthivel Nagar is Residential Special Type - III.

What is the stamp duty for property in Sslf City Dr.Sakthivel Nagar?

The stamp duty for property in Sslf City Dr.Sakthivel Nagar is 7% of the guideline value, which amounts to Rs 10,500 for a 1,000 sq.ft plot at the current rate.

Where is the Madurandakam Sub Registrar Office located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.