Guideline Value for Sakthi Nagar

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Vothivakkam village under the Chengleput Joint I SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Sakthi Nagar has changed

Over the years, the guideline value for Sakthi Nagar has undergone several revisions. The earliest recorded figure is from 2007, where the value was Rs 40 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, marking a rise of 900%. However, it dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. The value remained at Rs 400 per sq.ft from 2012 to 2023 and has not changed in the latest revision from 2023 to 2024, maintaining the rate at Rs 400 per sq.ft.

The guideline value register does not contain figures for the years 2002 and 2003 for this street. The overall change from the 2007 figure to the 2024 figure is an increase of 900%.

Guideline values in Vothivakkam

In Vothivakkam, five streets under the Chengleput Joint I SRO have a 2024 guideline value ranging from Rs 150 to Rs 400 per sq.ft, with the median being Rs 400 per sq.ft. The guideline value for Sakthi Nagar matches this median.

• Sakthi Nagar Phase 2: Rs 400 per sq.ft (2024)
• SaiMuthuNagar: Rs 200 per sq.ft (2024)
• Muthu Nagar: Rs 150 per sq.ft (2024)
• Maruthi Nagar: Rs 400 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, making the total fees Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Nagar?

The Chengleput Joint I Sub Registrar Office covers Sakthi Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Vothivakkam. It is used to calculate the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. This helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and has remained at Rs 400 per sq.ft since 2023.

What is the land classification for Sakthi Nagar?

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

Where can I find the Chengleput Joint I SRO?

The Chengleput Joint I SRO is located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the guideline value of Rs 400 per sq.ft would incur a total stamp duty of Rs 28,000 and a registration fee of Rs 8,000.