Guideline Value for Sakthi Nagar

Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Perungavur village under the Redhills SRO, is Rs 220 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

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 11 per sq.ft in 2003, it increased to Rs 100 per sq.ft in 2007, then to Rs 200 per sq.ft in 2012. The value saw a decrease to Rs 134 per sq.ft in 2017, followed by an increase to Rs 200 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 220 per sq.ft.

From 2003 to 2024, the overall change in guideline value is a significant increase of 1900%. The changes between the revisions include a 809% increase from 2003 to 2007, a 100% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

Guideline values in Perungavur

In Perungavur, there are 79 streets under the Redhills SRO with a 2024 guideline value ranging from Rs 220 to Rs 1,500 per sq.ft. The median value is Rs 275 per sq.ft, placing Sakthi Nagar's 2024 figure below that median.

• Sanjay Nagar: Rs 275 per sq.ft (2024)
• Sastha Nagar: Rs 220 per sq.ft (2024)
• Sastha Nagar Phase I & II: Rs 220 per sq.ft (2024)
• Senthil Nagar: Rs 275 per sq.ft (2024)
• Senthil Nagar Part-I: Rs 275 per sq.ft (2024)
• Senthil Nagar Part-II: Rs 220 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 220 per sq.ft, the guideline value amounts to Rs 2,20,000. The stamp duty at 7% would be Rs 15,400, and the registration fee at 2% would be Rs 4,400, totaling Rs 19,800. 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 covering 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 Perungavur

The guideline value is a crucial factor in property transactions as it determines the minimum value at which property can be registered. When a buyer or seller engages in a transaction, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value as it impacts the overall cost of property transactions, ensuring compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11 per sq.ft in 2003 to Rs 220 per sq.ft in 2024, marking an overall increase of 1900% over the years.

What are the guideline values of other streets in Perungavur?

Other streets in Perungavur have varying guideline values, ranging from Rs 220 to Rs 1,500 per sq.ft, with a median value of Rs 275 per sq.ft.

What fees are associated with property registration in Sakthi Nagar?

When registering property in Sakthi Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2% of the guideline value.

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

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