Guideline Value for Sakthi Nagar

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Puthupattinam village, is Rs 555 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Thirukazhukundram SRO and is classified as Mixed Type - II land.

How the guideline value of Sakthi Nagar has changed

The guideline value for Sakthi Nagar has undergone several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 500 per sq.ft, which increased to Rs 555 per sq.ft in the 2024 revision, marking an increase of 11%.

Prior to the 2023 revision, there were no recorded figures for the street. The current value of Rs 555 per sq.ft reflects the latest changes in the guideline value register.

Guideline values in Puthupattinam

Puthupattinam has a total of 65 streets under the Thirukazhukundram SRO, with guideline values ranging from Rs 330 to Rs 1,300 per sq.ft. The median guideline value for the village is Rs 495 per sq.ft, making Sakthi Nagar's current value above this median.

• Avenue Park: Rs 935 per sq.ft (2024)
• Anbu Garden: Rs 730 per sq.ft (2024)
• Rbr Nagar: Rs 730 per sq.ft (2024)
• 259/4 No Name Layout: Rs 495 per sq.ft (2024)
• Abdul Kalam Avenue Ext: Rs 495 per sq.ft (2024)
• Ahfiya Garden: Rs 495 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 555 per sq.ft, the total guideline value amounts to Rs 5,55,000. The stamp duty at 7% would be Rs 38,850, and the registration fee at 2% would be Rs 11,100, leading to a total of Rs 49,950. 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 detailed calculations.

Which Sub Registrar Office covers Sakthi Nagar?

The Sub Registrar Office that covers Sakthi Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Puthupattinam. 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 sold, the buyer and seller must consider the guideline value to ensure that the correct fees are calculated. The registration office uses this value to assess the appropriate charges, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 555 per sq.ft, effective from 1 July 2024.

How has the guideline value changed recently?

From the 2023 revision of Rs 500 per sq.ft, the guideline value increased to Rs 555 per sq.ft in the 2024 revision, representing an 11% increase.

What is the land classification for Sakthi Nagar?

Sakthi Nagar is classified as Mixed Type - II land according to the guideline value register.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 5,55,000, the total fees would amount to Rs 49,950.

Which office handles property registrations in Sakthi Nagar?

The Thirukazhukundram Sub Registrar Office handles property registrations for Sakthi Nagar, located at Thiruchengode - 637 211, Chengalpattu registration zone.