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Guideline Value

Corporate

Guideline Value for Sakthi nagar 1st street (sakthi nagar)

₹1100/sq.ft.

The guideline value for Sakthi Nagar 1st Street (sakthi Nagar) in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 1st Street (sakthi Nagar)

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Sakthi nagar 1st street (sakthi nagar) guideline value

The current guideline value of Sakthi nagar 1st street (sakthi nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sakthi nagar 1st street (sakthi nagar) has changed

The guideline value for Sakthi nagar 1st street (sakthi nagar) has seen several revisions over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012. However, it dropped to Rs 670 per sq.ft in 2017 before rising again to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, while the period from 2012 to 2017 saw a decrease of 33%. The substantial rise from 2007 to 2012 of 150% was followed by an overall increase of 175% from 2007 to 2024.

Guideline values in Ayappakkam

Ayappakkam has a total of 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in the village is Rs 1,300 per sq.ft, placing Sakthi nagar 1st street (sakthi nagar) below this median.

Stamp duty and registration fee for property in Sakthi nagar 1st street (sakthi nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 nagar 1st street (sakthi nagar)?

The Sub Registrar Office covering Sakthi nagar 1st street (sakthi 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 Ayappakkam

The guideline value plays a crucial role during property registration in Ayappakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is used to determine the applicable duties and fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sakthi nagar 1st street (sakthi nagar)?

The current guideline value of Sakthi nagar 1st street (sakthi nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, which is an overall increase of 175% over the years.

What is the median guideline value in Ayappakkam?

The median guideline value in Ayappakkam is Rs 1,300 per sq.ft, which is higher than the current guideline value of Sakthi nagar 1st street (sakthi nagar).

What are the stamp duty rates for properties in Sakthi nagar 1st street (sakthi nagar)?

The stamp duty for properties in Sakthi nagar 1st street (sakthi nagar) is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sakthi nagar 1st street (sakthi nagar)?

The Sub Registrar Office for Sakthi nagar 1st street (sakthi nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.