Guideline Value for Sakthi Saibaba Nagar

Sakthi Saibaba Nagar guideline value

The current guideline value of Sakthi Saibaba Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This locality is situated in Nethapakkam village under the Madurandakam SRO, classified as Residential Class I Type - I.

How the guideline value of Sakthi Saibaba Nagar has changed

Over the years, the guideline value of Sakthi Saibaba Nagar has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 20 per sq.ft. This increased significantly to Rs 100 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 67 per sq.ft in 2017, a drop of 33%. The value remained at Rs 100 per sq.ft in 2023, and in 2024, it continues at Rs 100 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Nethapakkam

Nethapakkam village features eight streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median of Rs 130 per sq.ft. The guideline value for Sakthi Saibaba Nagar is below this median.

• Santhosh Nagar: Rs 100 per sq.ft (2024)
• Vgp Gold Nest: Rs 300 per sq.ft (2024)
• J.U.S.Nagar: Rs 100 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)
• Besant Nagar: Rs 160 per sq.ft (2024)
• Ambal Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Saibaba Nagar

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Saibaba Nagar?

The Sub Registrar Office that covers Sakthi Saibaba Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nethapakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two is used to calculate the stamp duty, ensuring that all transactions are fairly assessed according to the established rates.

Frequently asked questions

What is the current guideline value of Sakthi Saibaba Nagar?

The current guideline value of Sakthi Saibaba Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 20 per sq.ft in 2007 to Rs 100 per sq.ft in 2012, then decreased to Rs 67 per sq.ft in 2017, remained at Rs 100 per sq.ft in 2023, and continues at Rs 100 per sq.ft in 2024.

What are the other guideline values in Nethapakkam?

In Nethapakkam, the guideline values for other streets range from Rs 100 to Rs 300 per sq.ft, with a median of Rs 130 per sq.ft.

What is the stamp duty rate for properties in Sakthi Saibaba Nagar?

The stamp duty rate for properties in Sakthi Saibaba Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Sakthi Saibaba Nagar?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.