Guideline Value for Sakthi Nagar Extn

Sakthi Nagar Extn guideline value

The current guideline value of Sakthi Nagar Extn is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sakthi Nagar Extn has changed

The guideline value for Sakthi Nagar Extn has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,000 per sq.ft in 2023, and then rose again to the current value of Rs 2,200 per sq.ft in 2024. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Sakthi Nagar Extn is above this median.

• Sakthi Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 8th st: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 7th st: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 6th st: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 5th st: Rs 2,200 per sq.ft (2024)
• Sakthi Nagar 4th st (TNSCP): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value is Rs 22,00,000. The stamp duty, charged at 7%, amounts to Rs 1,54,000, while the registration fee at 2% is Rs 44,000. Together, the total cost for stamp duty and registration fee is Rs 1,98,000. 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 Extn?

The Sub Registrar Office that covers Sakthi Nagar Extn is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value is a crucial factor during the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When purchasing property, buyers should be aware that the guideline value will influence the overall cost of registration. It is essential to consider this value to ensure compliance with local regulations and to avoid any unexpected costs during the transaction process.

Frequently asked questions

What is the current guideline value of Sakthi Nagar Extn?

The current guideline value of Sakthi Nagar Extn is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, and then increased to Rs 2,000 per sq.ft in 2023, before reaching the current value of Rs 2,200 per sq.ft in 2024.

What is the land classification for Sakthi Nagar Extn?

The land classification for Sakthi Nagar Extn is Residential Special Type - I.

Where is the Sub Registrar Office located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in Sakthi Nagar Extn?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at Rs 2,200 per sq.ft, the stamp duty would be Rs 1,54,000.