Guideline Value for Sakthi Nagar Avenue

Sakthi Nagar Avenue guideline value

The current guideline value of Sakthi Nagar Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village under the Pammal SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of Sakthi Nagar Avenue has changed

The guideline value for Sakthi Nagar Avenue has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is an increase from Rs 2,500 per sq.ft in 2023. This represents a 10% increase from the previous year. Prior to that, the 2017 revision recorded a guideline value of Rs 1,675 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Sakthi Nagar Avenue's 2024 figure above this median.

• Samundeeswari Nagar: Rs 1,980 per sq.ft (2024)
• Sankaralinganar Street: Rs 2,750 per sq.ft (2024)
• Sai Avenue: Rs 1,980 per sq.ft (2024)
• Royal Vila: Rs 1,980 per sq.ft (2024)
• Roja Avenue: Rs 1,980 per sq.ft (2024)
• Sathiyavani Muthu Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Nagar Avenue?

The Sub Registrar Office that covers Sakthi Nagar Avenue is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Kerugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable taxes, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Sakthi Nagar Avenue?

The current guideline value of Sakthi Nagar Avenue is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Sakthi Nagar Avenue?

Sakthi Nagar Avenue is classified under Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Sakthi Nagar Avenue?

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 stamp duty of Rs 1,92,500.