Guideline Value for Sakthi Street(Devi Nagar)

Sakthi Street(Devi Nagar) guideline value

The current guideline value of Sakthi Street(Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Sakthi Street(Devi Nagar) has changed

The guideline value for Sakthi Street(Devi Nagar) has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a 450% rise. However, it then decreased to Rs 1,474 per sq.ft in 2017, showing a decline of 33%. The value continued to rise, reaching Rs 2,200 per sq.ft in 2023, and then further increased to the current value of Rs 2,400 per sq.ft in 2024, reflecting a 9% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 500%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, which matches the current guideline value of Sakthi Street(Devi Nagar).

• Sakthi Vel Nagar: Rs 1,500 per sq.ft (2024)
• Sakunthalam street(srisakthi nagar): Rs 2,400 per sq.ft (2024)
• Sairam Nagar: Rs 880 per sq.ft (2024)
• Sai Prabhu Batha Street(Srinagar Colony): Rs 2,700 per sq.ft (2024)
• Saibaba Street(srinagar colony): Rs 2,700 per sq.ft (2024)
• Sannathi Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Street(Devi Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Street(Devi Nagar)?

The Sub Registrar Office that covers Sakthi Street(Devi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions within Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the financial obligations involved in the transaction. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, which can significantly affect the total cost of the property transaction.

Frequently asked questions

What is the current guideline value of Sakthi Street(Devi Nagar)?

The current guideline value of Sakthi Street(Devi Nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, representing a total increase of 500% over the years.

What is the land classification for Sakthi Street(Devi Nagar)?

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

Where can I find the Sub Registrar Office for Sakthi Street(Devi Nagar)?

The Sub Registrar Office for Sakthi Street(Devi Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty for properties in Thirumullaivoyal is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% on the guideline value.