Guideline Value for Sakthi Nagar Annexe Phase I

Sakthi Nagar Annexe Phase I guideline value

The current guideline value of Sakthi Nagar Annexe Phase I is Rs 1,870 per sq.ft, effective from 1 July 2024. This property is located in the village of Mangadu -A, under the Kunrathur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Sakthi Nagar Annexe Phase I has changed

The guideline value for Sakthi Nagar Annexe Phase I has seen several revisions over the years. The 2017 revision set the value at Rs 1,139 per sq.ft, which was then increased to Rs 1,700 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the value to Rs 1,870 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value experienced a significant increase of 49%. Overall, from 2017 to 2024, the increase amounts to 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In the village of Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, which matches the current value for Sakthi Nagar Annexe Phase I.

• Sakthi Nagar Annexe: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar IIIrd Street: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar IInd Street: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar Ist Street: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar: Rs 1,870 per sq.ft (2024)
• Sabari Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar Annexe Phase I

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total cost for these fees to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Nagar Annexe Phase I?

The Sakthi Nagar Annexe Phase I is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role during the registration of property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

Buyers and sellers must be aware that the guideline value is used to calculate the fees, ensuring that the transaction is compliant with local regulations. It is essential to refer to the latest guideline values to understand the financial implications involved in property transactions.

Frequently asked questions

What is the current guideline value of Sakthi Nagar Annexe Phase I?

The current guideline value of Sakthi Nagar Annexe Phase I is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed in recent years?

Since 2017, the guideline value has increased by 64%, from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024. The most recent change was a 10% increase from Rs 1,700 per sq.ft in 2023.

Where can I find the registration office for Sakthi Nagar Annexe Phase I?

The registration office for Sakthi Nagar Annexe Phase I is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for a property in Sakthi Nagar Annexe Phase I?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300. These fees are based on the guideline value.

What is the land classification for Sakthi Nagar Annexe Phase I?

Sakthi Nagar Annexe Phase I is classified under Residential Class I Type - I, which is important for determining the guideline value and applicable regulations.