Guideline Value for Sakthi Nagar

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar is Rs 600 per sq.ft. It is located in Arungal village, under the Gooduvancheri SRO, and is classified as Residential Special Type - II.

How the guideline value of Sakthi Nagar has changed

In 2012, the guideline value for Sakthi Nagar was Rs 600 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 402 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased by 49%, bringing the current guideline value back up to Rs 600 per sq.ft.

Overall, from 2012 to 2023, the guideline value has remained the same at Rs 600 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2024 in the register for this street.

Guideline values in Arungal

Currently, there are no specific village figures provided for Arungal. Sakthi Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Arungal listed with guideline values.

Stamp duty and registration fee for property in Sakthi Nagar

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, while the registration fee at 2% would be Rs 12,000, bringing the total to Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can 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 Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Arungal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When you buy or sell property, the guideline value helps determine the legal and financial obligations associated with the transaction. This ensures transparency and uniformity in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 600 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has seen a decrease from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, followed by an increase back to Rs 600 per sq.ft in 2023. Overall, it has remained the same from 2012 to 2023.

What are the stamp duty and registration fees for property in Sakthi Nagar?

For a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 and the registration fee would be Rs 12,000, totaling Rs 54,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registration for Sakthi Nagar?

The Gooduvancheri Sub Registrar Office is responsible for property registration in Sakthi Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Are there other streets in Arungal with guideline values?

Currently, there are no other streets in Arungal listed with guideline values. Sakthi Nagar is the only street mentioned under the Gooduvancheri SRO.