Guideline Value for Sakthi Vinayagar Nagar

Sakthi Vinayagar Nagar guideline value

The current guideline value of Sakthi Vinayagar Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Karanaipuducheri village and falls under the Gooduvancheri SRO. The land classification is Residential Special Type - III.

How the guideline value of Sakthi Vinayagar Nagar has changed

The guideline value of Sakthi Vinayagar Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% rise. However, this value decreased to Rs 670 per sq.ft in 2017, a decline of 33%. The guideline value then remained stable at Rs 1,000 per sq.ft through the 2023 revision and continues at the same rate for the 2024 revision, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register. Overall, from 2007 to 2024, the guideline value has increased by 400%.

Guideline values in Karanaipuducheri

In Karanaipuducheri, there are 108 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,239 per sq.ft, with a median value of Rs 802 per sq.ft. The guideline value of Sakthi Vinayagar Nagar is above this median.

• Sairam Nagar Extension - II: Rs 1,500 per sq.ft (2024)
• Sai Ram Nagar Extension-I: Rs 700 per sq.ft (2024)
• Sairam Nagar: Rs 701 per sq.ft (2024)
• Sai Empire(350/10a3a,10b3a): Rs 1,200 per sq.ft (2024)
• Sai Empire(349/13,14): Rs 1,650 per sq.ft (2024)
• Sai Empire: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Vinayagar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, making the total charges Rs 90,000. It is essential to note that the 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 Vinayagar Nagar?

The Sub Registrar Office that covers Sakthi Vinayagar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Karanaipuducheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is considered to ensure that the appropriate taxes are collected. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sakthi Vinayagar Nagar?

The current guideline value of Sakthi Vinayagar Nagar is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 200 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then dropping to Rs 670 per sq.ft in 2017, and remaining stable at Rs 1,000 per sq.ft from 2017 through 2024.

What is the land classification of Sakthi Vinayagar Nagar?

The land classification of Sakthi Vinayagar Nagar is Residential Special Type - III.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 and the registration fee would be Rs 20,000, totaling Rs 90,000.

Which office handles registrations for Sakthi Vinayagar Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Sakthi Vinayagar Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.