Guideline Value for Sakthi Nagar Main Road
₹2200/sq.ft.
The guideline value for Sakthi Nagar Main Road in Peerklankaranai village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Peerklankaranai
Village
Tambaram Joint 1
SRO
Residential Special Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2200 /sq.ft. |
| From 1-4-2023 | ₹2000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1340 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2000 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
SRO (Sub Registrar Office)
No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Sakthi Nagar Main Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sakthi Nagar Main Road guideline value
The current guideline value of Sakthi Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.
How the guideline value of Sakthi Nagar Main Road has changed
The guideline value for Sakthi Nagar Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 1,340 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.
It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.
Guideline values in Peerklankaranai
In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing the Sakthi Nagar Main Road's 2024 figure above this median.
- Sakthi Nagar Extn: 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 Main Road
For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to 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.
For further calculations, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Sakthi Nagar Main Road?
The Sakthi Nagar Main Road falls under 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
When buying or selling property in Peerklankaranai, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government collects appropriate revenue from property transactions.
It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. Understanding the guideline value helps in making informed decisions regarding property transactions.
Frequently asked questions
What is the current guideline value of Sakthi Nagar Main Road?
The current guideline value of Sakthi Nagar Main Road 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, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.
What is the land classification for Sakthi Nagar Main Road?
The land classification for Sakthi Nagar Main Road is Residential Special Type - I.
Where can I find the registration office for Sakthi Nagar Main Road?
The registration office for Sakthi Nagar Main Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.
How is the stamp duty calculated for property transactions in Peerklankaranai?
The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.
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