Guideline Value for Sakthi Nagar

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024. This village falls under the Kunrathur SRO and is classified as Residential Class I Type - I.

How the guideline value of Sakthi Nagar has changed

The guideline value for Sakthi Nagar has seen several revisions over the years. In 2017, the value was Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 1,870 per sq.ft, marking a 10% increase from the previous year. Notably, the overall change from 2017 to 2024 reflects a significant increase of 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The revisions from 2017 to 2023 showed a substantial increase of 49%.

Guideline values in Mangadu -A

Mangadu -A has a total of 208 streets under the Kunrathur SRO, with guideline values ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,870 per sq.ft, which is equal to the current guideline value of Sakthi Nagar.

• Sakthi Nagar Annexe: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar Annexe Phase I: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar IIIrd Street: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar IInd Street: Rs 1,870 per sq.ft (2024)
• Sakthi Nagar Ist Street: Rs 1,870 per sq.ft (2024)
• Sabari Nagar: Rs 2,200 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 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total fees to Rs 1,68,300. The duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sakthi Nagar?

The Sub Registrar Office covering Sakthi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor when registering property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction process.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. The registration office uses this value to calculate the necessary fees associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024, reflecting a total increase of 64% over this period.

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

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Which office handles property registrations in Sakthi Nagar?

The Kunrathur Sub Registrar Office handles property registrations for Sakthi Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Mangadu -A?

The median guideline value in Mangadu -A is Rs 1,870 per sq.ft, which is the same as the current guideline value for Sakthi Nagar.