Guideline Value for Sakthi Garden Phase I

Sakthi Garden Phase I guideline value

The current guideline value of Sakthi Garden Phase I is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Selaiyur village, under the Selaiyur SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Sakthi Garden Phase I has changed

The guideline value for Sakthi Garden Phase I has seen several revisions over the years. In 2012, the value was set at Rs 4,000 per sq.ft, which was later revised to Rs 2,680 per sq.ft in 2017. Following this, the value increased significantly to Rs 4,000 per sq.ft in 2023, and finally, it reached Rs 4,400 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 is an increase of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sakthi Garden Phase I above this median.

• Sakthi Garden Phase II: Rs 4,400 per sq.ft (2024)
• Sakthi Garden: Rs 4,400 per sq.ft (2024)
• Sampathkumar Street: Rs 2,750 per sq.ft (2024)
• Sangeetha Sabha: Rs 1,300 per sq.ft (2024)
• Santha Nagar: Rs 2,200 per sq.ft (2024)
• Ruby School Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Garden Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Garden Phase I?

The Sub Registrar Office that covers Sakthi Garden Phase I is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sakthi Garden Phase I?

The current guideline value of Sakthi Garden Phase I is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,400 per sq.ft in 2024.

What is the land classification for Sakthi Garden Phase I?

The land classification for Sakthi Garden Phase I is Commercial Class I Type - I.

What is the median guideline value in Selaiyur?

The median guideline value for the 478 streets in Selaiyur is Rs 2,200 per sq.ft, with Sakthi Garden Phase I being above this median.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.