Guideline Value for Sakthi Nagar

Sakthi Nagar guideline value

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

How the guideline value of Sakthi Nagar has changed

Over the years, the guideline value for Sakthi Nagar has seen several revisions. The most recent revisions show that in 2023, the guideline value was Rs 1,200 per sq.ft, which remained unchanged in the 2024 revision. Prior to that, in 2017, the value was Rs 804 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a guideline value of Rs 1,200 per sq.ft, which was a decrease of 33% from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, comparing the values from 2012 to 2024, the guideline value has remained the same at Rs 1,200 per sq.ft.

Guideline values in Allappakkam

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

• Sakthi Nagar Ext: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be 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 fees together 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Nagar?

The Sub Registrar Office that covers Sakthi Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, under 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 plays a crucial role during the registration of property transactions in Allappakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the higher amount between the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft in both the 2023 and 2024 revisions. It was Rs 804 per sq.ft in 2017, which was a 49% increase from the previous revision.

What is the land classification for Sakthi Nagar?

Sakthi Nagar is classified as Residential Special Type - II, indicating its designation for residential use within the area.

Where is the Sub Registrar Office for Sakthi Nagar located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the guideline value of Rs 1,200 per sq.ft would incur fees based on Rs 12,00,000.