Guideline Value

Corporate

Guideline Value for Sakthi Nagar

₹2750/sq.ft.

The guideline value for Sakthi Nagar in Virugambakkam village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹267 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹241 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sakthi Nagar

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Sakthi Nagar guideline value

The current guideline value of Sakthi Nagar, located in Virugambakkam village, is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Virugambakkam SRO and is classified as Residential Class IV Type - II.

How the guideline value of Sakthi Nagar has changed

The guideline value for Sakthi Nagar has undergone several revisions over the years. In 2002, the value was Rs 241 per sq.ft, which increased to Rs 267 per sq.ft in 2003, marking an 11% rise. The next significant change occurred in 2007, when the value jumped to Rs 500 per sq.ft, reflecting a 400% increase. Following this, the guideline value was revised to Rs 2,500 per sq.ft in 2012, which was a decrease of 33% from the previous figure.

In 2017, the guideline value rose to Rs 1,675 per sq.ft, showing a 49% increase. The most recent revisions occurred in 2023 and 2024, with the value set at Rs 2,500 per sq.ft in 2023, followed by an increase to Rs 2,750 per sq.ft in 2024, which is a 10% rise. The register has no figures for the years not mentioned.

Guideline values in Virugambakkam

In Virugambakkam, there are 391 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value for Sakthi Nagar is below this median.

Stamp duty and registration fee for property in Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost to Rs 2,47,500. Duty is charged on the guideline value or the sale price, whichever is higher. 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 located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037, within the Chennai registration zone. You can find your SRO for more information.

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

When buying or selling property in Virugambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The fees are calculated based on the higher value between the guideline value and the sale price, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value as it directly affects the overall cost of property transactions. Understanding how the guideline value is set and revised can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 241 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1041% over the years.

What is the registration office for Sakthi Nagar?

The registration office for Sakthi Nagar is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated in Sakthi Nagar?

Stamp duty in Sakthi Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

What are the guideline values of other streets in Virugambakkam?

Other streets in Virugambakkam have varying guideline values, with rates such as Rs 6,600 per sq.ft for several streets in Sai Baba Colony, while Sakthi Nagar's guideline value is Rs 2,750 per sq.ft.