Guideline Value for Sakthi Garden

Sakthi Garden guideline value

The current guideline value of Sakthi Garden, located in Adhanoor village under the Gooduvancheri SRO, is Rs 1,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sakthi Garden has changed

Over the years, the guideline value of Sakthi Garden has seen several revisions. The register shows the following figures: in 2012, the value was Rs 1,000 per sq.ft; in 2017, it decreased to Rs 670 per sq.ft; and it remained at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%, and from 2023 to 2024, there was no change, resulting in an overall increase of 0% from 2012 to 2024.

Guideline values in Adhanoor

In Adhanoor, there are 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 670 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, which is the same as the current value for Sakthi Garden.

• Sakthi Nagar: Rs 1,000 per sq.ft (2024)
• Sai Avenue: Rs 1,000 per sq.ft (2024)
• Saraswathi Avenue: Rs 1,000 per sq.ft (2024)
• R.K.S Sankara Avenue: Rs 1,000 per sq.ft (2024)
• Rks Avenue: Rs 1,000 per sq.ft (2024)
• Revathi Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 Sakthi Garden?

The Sub Registrar Office that covers Sakthi Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration of property transactions in Adhanoor. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Sakthi Garden?

The current guideline value of Sakthi Garden is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,000 per sq.ft in the 2023 and 2024 revisions, while it decreased to Rs 670 per sq.ft in 2017 from Rs 1,000 per sq.ft in 2012.

What is the land classification for Sakthi Garden?

The land classification for Sakthi Garden is Residential Special Type - I.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Sakthi Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%.