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Guideline Value

Corporate

Guideline Value for Sakthi Garden phase I & Phase II

₹1540/sq.ft.

The guideline value for Sakthi Garden Phase I & Phase Ii in Chennerkuppam village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chennerkuppam

Village

Kunrathur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sakthi Garden Phase I & Phase Ii

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Sakthi Garden phase I & Phase II guideline value

The current guideline value for Sakthi Garden phase I & Phase II is Rs 1,540 per sq.ft, effective from 1 July 2024. This property is located in Chennerkuppam village under the Kunrathur SRO, classified as Residential Class I Type - II.

How the guideline value of Sakthi Garden phase I & Phase II has changed

The guideline value for Sakthi Garden phase I & Phase II has undergone several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which then decreased to Rs 938 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,400 per sq.ft in 2023, and finally, it is set at Rs 1,540 per sq.ft from the 2024 revision. The register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, the value rose by 49% from 2017 to 2023. The increase from 2023 to 2024 is 10%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value is Rs 1,540 per sq.ft, which is equivalent to the guideline value of Sakthi Garden phase I & Phase II.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,540 per sq.ft, the guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, totaling Rs 1,38,600. 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 & Phase II?

The Sakthi Garden phase I & Phase II is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chennerkuppam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable taxes. Buyers and sellers must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Sakthi Garden phase I & Phase II?

The current guideline value for Sakthi Garden phase I & Phase II is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 in 2023, and finally to Rs 1,540 in 2024. The register has no figure for this street in 2002, 2003, and 2007.

What is the land classification for Sakthi Garden phase I & Phase II?

The land classification for Sakthi Garden phase I & Phase II is Residential Class I Type - II.

What are the stamp duty and registration fees for property in Sakthi Garden phase I & Phase II?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,38,600 based on the current guideline value of Rs 15,40,000.

Which office handles registrations for Sakthi Garden phase I & Phase II?

The Kunrathur Sub Registrar Office handles registrations for Sakthi Garden phase I & Phase II, located at No.59, Road Street, Kundrathur, Chennai -600 069.