Guideline Value for Sakthi Nagar

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Chembakkam village under the Selaiyur SRO, is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - II.

How the guideline value of Sakthi Nagar has changed

The guideline value for Sakthi Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 250 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in 2012, marking a 540% rise. However, the value saw a decrease to Rs 1,072 per sq.ft in 2017, which was a 33% drop. The most recent revision in 2023 set the value at Rs 1,600 per sq.ft, and the latest revision in 2024 has increased it to Rs 1,700 per sq.ft, reflecting a 6% increase.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 580%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means Sakthi Nagar's 2024 figure of Rs 1,700 per sq.ft is below the median.

• Sam Avenue: Rs 1,900 per sq.ft (2024)
• Sam Avenue Kaveri Street: Rs 1,900 per sq.ft (2024)
• Sam Avenue Main Road: Rs 1,900 per sq.ft (2024)
• Sam Avenue Part 1 (Pugazhendi Street): Rs 1,900 per sq.ft (2024)
• Sam Avenue Rukmani Street: Rs 1,900 per sq.ft (2024)
• Samraj Nagar: Rs 3,800 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 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our 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 Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opposite to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Chembakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Chembakkam. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a buyer or seller approaches the Sub Registrar Office, the guideline value is referenced to ensure that the correct fees are calculated based on the property's value, either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 250 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, representing a total increase of 580% over the years.

What are the other streets in Chembakkam with their guideline values?

Other streets in Chembakkam include Sam Avenue, Sam Avenue Kaveri Street, Sam Avenue Main Road, Sam Avenue Part 1 (Pugazhendi Street), Sam Avenue Rukmani Street, and Samraj Nagar, with values ranging from Rs 1,900 to Rs 3,800 per sq.ft in 2024.

What is the stamp duty rate in Sakthi Nagar?

The stamp duty rate in Sakthi Nagar is 7% of the guideline value or the sale price, whichever is higher.

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

The Selaiyur Sub Registrar Office covers Sakthi Nagar, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.