Guideline Value for Sakthi Nagar Annuxe

Sakthi Nagar Annuxe guideline value

The current guideline value for Sakthi Nagar Annuxe is Rs 660 per sq.ft, effective from 1 July 2024. This property is located in Sundaracholavaram village under the Kunrathur SRO, classified as Residential Class I Type - III.

How the guideline value of Sakthi Nagar Annuxe has changed

Over the years, the guideline value for Sakthi Nagar Annuxe has undergone several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 250 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2012, marking a 140% rise. However, it then saw a decrease to Rs 402 per sq.ft in 2017, which was a 33% drop. The value increased again to Rs 600 per sq.ft in 2023, and most recently, it has risen to Rs 660 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 164%, showing a significant change in property valuation over the years.

Guideline values in Sundaracholavaram

Sundaracholavaram village has 57 streets under the Kunrathur SRO, with a guideline value range from Rs 550 to Rs 4,600 per sq.ft. The median guideline value is Rs 660 per sq.ft, which matches the 2024 figure for Sakthi Nagar Annuxe.

• Sakthi Nagar Extension: Rs 660 per sq.ft (2024)
• Sakthivel Nagar: Rs 660 per sq.ft (2024)
• Sakthivel Nagar Extension: Rs 660 per sq.ft (2024)
• Sakthi Nagar: Rs 660 per sq.ft (2024)
• Ram Nagar: Rs 660 per sq.ft (2024)
• Selliamman Koil street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar Annuxe

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Nagar Annuxe?

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

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

The guideline value is a crucial factor in property transactions in Sundaracholavaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the stamp duty and registration fees applicable during the transaction.

When registering a property, the guideline value serves as a benchmark for calculating the associated costs. It is essential for both parties to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Sakthi Nagar Annuxe?

The current guideline value of Sakthi Nagar Annuxe is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 660 per sq.ft in 2024, reflecting an overall increase of 164% over the years.

What is the land classification of Sakthi Nagar Annuxe?

Sakthi Nagar Annuxe is classified as Residential Class I Type - III.

Where can I find the registration office for Sakthi Nagar Annuxe?

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

How is stamp duty calculated for property in Sakthi Nagar Annuxe?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at 7%.