Guideline Value for Sakthi Nagar

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar is Rs 250 per sq.ft, effective from the 2024 revision. This area is located in Irunkattukottai_B village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Sakthi Nagar has changed

The guideline value for Sakthi Nagar has seen revisions over the years. The 2017 revision set the value at Rs 167 per sq.ft, which remained unchanged at Rs 250 per sq.ft in the 2023 revision. The current 2024 revision also maintains this figure at Rs 250 per sq.ft, indicating no percentage change from 2023 to 2024.

From 2017 to 2023, the guideline value increased by 50%, and the overall change from 2017 to 2024 is also a 50% increase. The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft. The median guideline value in this village is Rs 400 per sq.ft, making Sakthi Nagar's 2024 figure below that median.

• Sankar Nagar: Rs 250 per sq.ft (2024)
• Sabari Nagar: Rs 400 per sq.ft (2024)
• Saran Singh Street: Rs 400 per sq.ft (2024)
• Rajiv Gandhi Street: Rs 400 per sq.ft (2024)
• Rajalaxmi Nagar: Rs 400 per sq.ft (2024)
• Rajaji Street: 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 rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. 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 precise calculations.

Which Sub Registrar Office covers Sakthi Nagar?

The Sub Registrar Office that covers Sakthi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Irunkattukottai_B, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating the sale price to ensure compliance with registration requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 250 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in both 2023 and 2024, marking a 50% increase overall from 2017 to 2024.

What is the median guideline value in Irunkattukottai_B?

The median guideline value in Irunkattukottai_B is Rs 400 per sq.ft, making Sakthi Nagar's 2024 figure below this median.

What are the stamp duty rates in Sakthi Nagar?

The stamp duty rate in Sakthi Nagar is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Sakthi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.