Guideline Value for Sakthi Nagar/Sakthi Nagar Main Road

Sakthi Nagar/Sakthi Nagar Main Road guideline value

The current guideline value for Sakthi Nagar/Sakthi Nagar Main Road is Rs 6,380 per sq.ft, effective from 1 July 2024. This area is located in Porur village under the Kunrathur SRO, and it falls under the land classification of Commercial Class I Type - I.

How the guideline value of Sakthi Nagar/Sakthi Nagar Main Road has changed

The guideline value for Sakthi Nagar/Sakthi Nagar Main Road has seen significant changes over the years. Starting from the 2003 revision, the value was Rs 536 per sq.ft, which increased to Rs 1,297 per sq.ft in 2007, marking a rise of 142%. The value then jumped to Rs 5,800 per sq.ft in 2012, reflecting a substantial increase of 347%. However, it decreased to Rs 3,886 per sq.ft in 2017, a decline of 33%. The 2023 revision brought the value back up to Rs 5,800 per sq.ft, and the latest revision in 2024 has set it at Rs 6,380 per sq.ft, a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1090%. Notably, there is no figure available for the year 2002 in the register for this street.

Guideline values in Porur

In Porur village, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft, with a median value of Rs 3,960 per sq.ft. The guideline value for Sakthi Nagar/Sakthi Nagar Main Road is above this median.

• Sakthi Nagar Main Road (from ICICI Bank to Park): Rs 6,380 per sq.ft (2024)
• Sabri Nagar V th Cross Street: Rs 3,520 per sq.ft (2024)
• Sabri Nagar IV th Cross Street: Rs 3,520 per sq.ft (2024)
• Sabri Nagar Ist Main Road: Rs 6,380 per sq.ft (2024)
• Sabri Nagar Ist Cross Street: Rs 3,520 per sq.ft (2024)
• Sabri Nagar II nd Main Road: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Nagar/Sakthi Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,380 per sq.ft, the total guideline value would be Rs 63,80,000. The stamp duty at 7% would amount to Rs 4,46,600, and the registration fee at 2% would be Rs 1,27,600, bringing the total to Rs 5,74,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Nagar/Sakthi Nagar Main Road?

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

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

The guideline value is a crucial factor in property transactions within Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When registering a property, the guideline value helps in establishing a fair assessment of the property's worth. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value for Sakthi Nagar/Sakthi Nagar Main Road?

The current guideline value for Sakthi Nagar/Sakthi Nagar Main Road is Rs 6,380 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 536 per sq.ft in 2003 to Rs 6,380 per sq.ft in 2024, reflecting an overall increase of 1090% over this period.

What is the land classification for Sakthi Nagar/Sakthi Nagar Main Road?

The land classification for Sakthi Nagar/Sakthi Nagar Main Road is Commercial Class I Type - I.

Where can I find the Sub Registrar Office for Sakthi Nagar/Sakthi Nagar Main Road?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it covers the Sakthi Nagar area.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 63,80,000, the stamp duty would be Rs 4,46,600 at 7%.