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, as per the 2023 revision. This area is located in Ponmar village under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Sakthi Vinayagar Nagar has changed

Over the years, the guideline value of Sakthi Vinayagar Nagar has seen several revisions. The earliest recorded revision was in 2007, where the guideline value was Rs 100 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in 2012, marking a substantial rise of 900%. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, which was a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,000 per sq.ft, representing an increase of 49% from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street. Therefore, the guideline values for these years are not applicable.

Guideline values in Ponmar

Currently, there are no specific village figures available for Ponmar. Sakthi Vinayagar Nagar is the only street mentioned in this context under the Gooduvancheri SRO.

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 amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ponmar. It serves as a reference point for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

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, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 1,000 per sq.ft in 2012, then decreased to Rs 670 per sq.ft in 2017, and returned to Rs 1,000 per sq.ft in 2023.

What is the land classification for Sakthi Vinayagar Nagar?

Sakthi Vinayagar Nagar is classified as Residential Special Type - II.

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

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, 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.