Guideline Value for Sakthi Nagar Ext

Sakthi Nagar Ext guideline value

The current guideline value of Sakthi Nagar Ext in Allappakkam village is Rs 1,200 per sq.ft, effective from the 2024 revision. This area falls under the Chengleput Joint I SRO and is classified as Residential Special Type - II.

How the guideline value of Sakthi Nagar Ext has changed

The guideline value for Sakthi Nagar Ext has undergone several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged in the 2017 revision. However, the 2017 revision saw a decrease to Rs 804 per sq.ft. Subsequently, the 2023 revision brought the value back to Rs 1,200 per sq.ft, and this figure has remained the same in the 2024 revision as well. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. The overall change from the 2012 revision to the 2024 revision shows no increase, as the value remains at Rs 1,200 per sq.ft.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 600 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,102 per sq.ft, placing Sakthi Nagar Ext above this median.

• Sakthi Nagar: Rs 1,200 per sq.ft (2024)
• Samraja Nagar: Rs 902 per sq.ft (2024)
• Sai Nagar: Rs 1,102 per sq.ft (2024)
• Sai Kiruba Nagar: Rs 1,102 per sq.ft (2024)
• Saraswathi Nagar: Rs 1,102 per sq.ft (2024)
• Roja Garden: Rs 1,102 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sakthi Nagar Ext?

The Sakthi Nagar Ext area is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Allappakkam

The guideline value is a critical factor during the registration of property transactions in Allappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from stamp duties and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Sakthi Nagar Ext?

The current guideline value of Sakthi Nagar Ext is Rs 1,200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2012 to 2024, with a decrease to Rs 804 per sq.ft in 2017. It then returned to Rs 1,200 per sq.ft in 2023.

What is the land classification for Sakthi Nagar Ext?

Sakthi Nagar Ext is classified as Residential Special Type - II under the current land classification.

What are the other streets in Allappakkam with their guideline values?

Other streets in Allappakkam include Sakthi Nagar at Rs 1,200 per sq.ft, Samraja Nagar at Rs 902 per sq.ft, and several others at Rs 1,102 per sq.ft.

Where is the Sub Registrar Office located for Sakthi Nagar Ext?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.