Guideline Value

Corporate

Guideline Value for Sakthi Nagar

₹650/sq.ft.

The guideline value for Sakthi Nagar in Ozhalur village (Chengleput Joint I SRO, Chengalpattu zone) is Rs 650 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Ozhalur

Village

Chengleput Joint I

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹650 /sq.ft.
From 1-4-2023 ₹650 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹435 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹650 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹60 /sq.ft.
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)

10, Kancheepuram Main Road, Chengalpattu 603 002.
044-27423054
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]

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Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Ozhalur village, is Rs 650 per sq.ft. This value is effective from the 2024 revision and falls under the Residential Special Type - I land classification. The Sakthi Nagar property is registered with the Chengleput Joint I SRO.

How the guideline value of Sakthi Nagar has changed

The guideline value for Sakthi Nagar has undergone several revisions over the years. In the 2007 revision, the value was Rs 60 per sq.ft, which saw a significant increase to Rs 650 per sq.ft in the 2012 revision, marking a remarkable rise of 983%. However, the value dropped to Rs 435 per sq.ft in the 2017 revision, a decrease of 33%. The value remained at Rs 650 per sq.ft in both the 2023 and 2024 revisions, indicating no change between these two years. The register has no figure for this street for the years 2002 and 2003.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 983%. The changes reflect the fluctuations in property values over the years, with the most significant rise occurring between the 2007 and 2012 revisions.

Guideline values in Ozhalur

In Ozhalur village, there are 13 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 672 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Sakthi Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 650 per sq.ft, the total guideline value amounts to Rs 6,50,000. The stamp duty at 7% would be Rs 45,500, and the registration fee at 2% would be Rs 13,000, bringing the total charges to Rs 58,500. 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?

The Sakthi Nagar property 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 Ozhalur

The guideline value is a critical factor in the registration process when buying or selling property in Ozhalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 650 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 60 per sq.ft in 2007 to Rs 650 per sq.ft in 2012, then to Rs 435 per sq.ft in 2017, and remained at Rs 650 per sq.ft in both 2023 and 2024.

What is the land classification for Sakthi Nagar?

Sakthi Nagar falls under the Residential Special Type - I land classification, which is relevant for property transactions in the area.

What other streets are in Ozhalur with their guideline values?

There are several other streets in Ozhalur with varying guideline values, including Sakthi Ganesh Nagar, Sakthi Subbarayan Nagar, Sakthi Vinayaga Nagar, and Sathyamoorthy Nagar, all at Rs 250 per sq.ft in 2024, and Sri Mangal Avenue at Rs 300 per sq.ft.

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

The Chengleput Joint I Sub Registrar Office covers Sakthi Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.