Guideline Value for Sakthi Nagar

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Attanthangal village under the Redhills SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Sakthi Nagar has changed

The guideline value for Sakthi Nagar has undergone several revisions over the years. Starting from Rs 19 per sq.ft in 2003, the value increased significantly to Rs 500 per sq.ft in 2007. In 2012, it was revised to Rs 800 per sq.ft, but then dropped to Rs 536 per sq.ft in 2017. Following this, the value rose to Rs 800 per sq.ft in 2023, and finally, it was set at Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Notably, there is no figure available for Sakthi Nagar in the 2002 revision. The changes between revisions show a remarkable increase of 4532% from the 2003 figure to the current 2024 figure.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft, with the median value being Rs 880 per sq.ft. Sakthi Nagar's 2024 figure aligns with this median.

• Sakthivel Nagar: Rs 880 per sq.ft (2024)
• Sathya Nagar: Rs 880 per sq.ft (2024)
• Ram Nagar: Rs 880 per sq.ft (2024)
• Seetha Lakshmi Nagar: Rs 440 per sq.ft (2024)
• S.P.M. Nagar: Rs 550 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 880 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 880 per sq.ft, the total guideline value is Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total fees to Rs 79,200. 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 details.

Which Sub Registrar Office covers Sakthi Nagar?

The Sub Registrar Office that covers Sakthi Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Attanthangal. It is used to determine the stamp duty and registration fees during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value is utilized to assess the applicable fees. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 19 per sq.ft in 2003 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 4532% over this period.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000. The stamp duty is Rs 61,600, and the registration fee is Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Sakthi Nagar?

The Redhills Sub Registrar Office covers Sakthi Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification of Sakthi Nagar?

Sakthi Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.