Guideline Value for Sakthi Nagar Annexe

Sakthi Nagar Annexe guideline value

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

How the guideline value of Sakthi Nagar Annexe has changed

The guideline value for Sakthi Nagar Annexe has undergone several revisions over the years. The 2017 revision set the guideline value at Rs 1,139 per sq.ft. This increased significantly to Rs 1,700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has brought the value to Rs 1,870 per sq.ft, which is a 10% increase from the previous year.

From the 2017 revision to the 2024 revision, the overall increase in guideline value is 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In 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 value is Rs 1,870 per sq.ft, which is equal to the guideline value of Sakthi Nagar Annexe.

• Sakthi Nagar Annexe Phase I: 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

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 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Nagar Annexe?

The Sub Registrar Office that covers Sakthi Nagar Annexe is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

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

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers must be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sakthi Nagar Annexe?

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,139 per sq.ft in 2017 to Rs 1,870 per sq.ft in 2024, which is an overall increase of 64%.

What is the registration office for Sakthi Nagar Annexe?

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

What are the stamp duty rates for property transactions?

The stamp duty for property transactions is charged at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Are there other streets with the same guideline value in Mangadu -A?

Yes, there are several other streets in Mangadu -A that have the same guideline value of Rs 1,870 per sq.ft, including Sakthi Nagar Annexe Phase I, Sakthi Nagar IIIrd Street, Sakthi Nagar IInd Street, Sakthi Nagar Ist Street, and Sakthi Nagar.