Guideline Value for Sakthi Garden

Sakthi Garden guideline value

The current guideline value of Sakthi Garden, located in Vadakal_C village, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Class III Type - I.

How the guideline value of Sakthi Garden has changed

The guideline value for Sakthi Garden has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. However, in the 2023 revision, the guideline value was set at Rs 150 per sq.ft, which was then increased to Rs 200 per sq.ft in the 2024 revision, marking a change of +33%.

This increase reflects the adjustments made in the guideline values over time. The 2024 revision now places Sakthi Garden's guideline value below the median of Rs 400 per sq.ft for other streets in Vadakal_C, which range from Rs 150 to Rs 1,500 per sq.ft.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft. Sakthi Garden's current value of Rs 200 per sq.ft is below the median value of Rs 400 per sq.ft. The following are other streets in Vadakal_C:

• Sai Nagar: Rs 550 per sq.ft (2024)
• Sathya Sai Nagar: Rs 550 per sq.ft (2024)
• Sivan Koil Street: Rs 300 per sq.ft (2024)
• S&P Elegance: Rs 205 per sq.ft (2024)
• Sri Aurobindo Nagar Part - II: Rs 150 per sq.ft (2024)
• Sri Aurobindo Vasantham Nature City: Rs 200 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 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the fees reflect the official valuation of the property. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sakthi Garden?

The current guideline value of Sakthi Garden is Rs 200 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 2023 to Rs 200 per sq.ft in 2024, reflecting a +33% increase. There are no figures available for revisions prior to 2023 for this street.

What is the land classification of Sakthi Garden?

Sakthi Garden is classified as Residential Class III Type - I, indicating its designated use for residential purposes.

What are the registration fees for property in Sakthi Garden?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a total of Rs 18,000 in fees.

Where is the Sub Registrar Office for Sakthi Garden located?

The Sub Registrar Office for Sakthi Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.