Guideline Value for Sakthi Nagar 2nd St

Sakthi Nagar 2nd St guideline value

The current guideline value of Sakthi Nagar 2nd St is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Sakthi Nagar 2nd St has changed

The guideline value for Sakthi Nagar 2nd St has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. In 2023, the value increased to Rs 2,000 per sq.ft, and the latest revision in 2024 set the value at Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The value then increased by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Peerklankaranai

In Peerklankaranai village, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, making the guideline value of Sakthi Nagar 2nd St above this median.

• Sakthi Nagar 1st st: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 3rd st: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 4th st: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 4th st (TNSCP): Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 5th st: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 6th st: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar 2nd St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty, charged at 7%, would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost would be Rs 1,98,000. 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 Nagar 2nd St?

The Sub Registrar Office that covers Sakthi Nagar 2nd St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

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

Frequently asked questions

What is the current guideline value of Sakthi Nagar 2nd St?

The current guideline value of Sakthi Nagar 2nd St is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Sakthi Nagar 2nd St?

The land classification for Sakthi Nagar 2nd St is Residential Special Type - I.

Where can I find the Sub Registrar Office for Sakthi Nagar 2nd St?

The Sub Registrar Office for Sakthi Nagar 2nd St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in Sakthi Nagar 2nd St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 1,54,000.