Guideline Value

Corporate

Guideline Value for Sakthi nagar

₹2640/sq.ft.

The guideline value for Sakthi Nagar in Perungalathur village (Padappai SRO, Chennai zone) is Rs 2640 per sq.ft, effective 1 July 2024. It was Rs 2400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungalathur

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2640 /sq.ft.
From 1-4-2023 ₹2400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1608 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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]

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Sakthi nagar guideline value

The current guideline value of Sakthi Nagar, located in Perungalathur village under the Padappai SRO, is Rs 2,640 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sakthi nagar has changed

Over the years, the guideline value of Sakthi Nagar has seen several revisions. The earliest recorded figure is from 2007, which was Rs 300 per sq.ft. This value increased significantly to Rs 2,400 per sq.ft in 2012, marking a 700% increase. However, it then decreased to Rs 1,608 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 2,400 per sq.ft in 2023, and subsequently to Rs 2,640 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 for this street. The overall change from the 2007 figure to the current 2024 guideline value shows an increase of 780%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a guideline value for 2024, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, placing Sakthi Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Sakthi nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,640 per sq.ft, the total guideline value would be Rs 26,40,000. The stamp duty at 7% would amount to Rs 1,84,800, and the registration fee at 2% would be Rs 52,800, making the total cost for these fees Rs 2,37,600. 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?

The Sub Registrar Office that covers Sakthi Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during property registration.

When a property is sold, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the higher value between the guideline value and the actual sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sakthi Nagar?

The current guideline value of Sakthi Nagar is Rs 2,640 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,640 per sq.ft in 2024, representing an overall increase of 780%. The value saw various fluctuations, including a drop in 2017 and a significant rise in 2024.

What is the land classification for Sakthi Nagar?

The land classification for Sakthi Nagar is Residential Class I Type - I, indicating its designation for residential use.

Where can I find the registration office for Sakthi Nagar?

The registration office that covers Sakthi Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for property in Sakthi Nagar?

Stamp duty for property in Sakthi Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 26,40,000, the stamp duty would be Rs 1,84,800 at a rate of 7%.