Guideline Value for Sakthivel Nagar 1st Street

Sakthivel Nagar 1st Street guideline value

The current guideline value of Sakthivel Nagar 1st Street is Rs 3,301 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Residential Special Type - II.

How the guideline value of Sakthivel Nagar 1st Street has changed

Over the years, the guideline value of Sakthivel Nagar 1st Street has seen several revisions. The figures are as follows: in 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, a rise of 200%. However, by 2017, the value decreased to Rs 2,010 per sq.ft, reflecting a drop of 33%. The value then rose significantly to Rs 3,000 per sq.ft in 2023, marking a 49% increase. The latest revision in 2024 set the guideline value at Rs 3,301 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 3,301 per sq.ft, which is equal to the 2024 figure for Sakthivel Nagar 1st Street.

• Sakthivel Nagar 2nd Cross Street: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar 1st Cross Street: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar 2nd Street: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar 3rd Cross Street: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar 3rd Street: Rs 3,301 per sq.ft (2024)
• Sakthivel Nagar 4th Cross Street: Rs 3,301 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthivel Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,301 per sq.ft, the total guideline value amounts to Rs 33,01,000. The stamp duty at 7% would be Rs 2,31,070, and the registration fee at 2% would be Rs 66,020, bringing the total cost to Rs 2,97,090. 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 Sakthivel Nagar 1st Street?

The Sub Registrar Office that covers Sakthivel Nagar 1st Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Peravallur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees owed at the time of registration.

Frequently asked questions

What is the current guideline value of Sakthivel Nagar 1st Street?

The current guideline value of Sakthivel Nagar 1st Street is Rs 3,301 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,000 per sq.ft in 2007 to Rs 3,301 per sq.ft in 2024, marking an overall increase of 230%.

What is the land classification for Sakthivel Nagar 1st Street?

Sakthivel Nagar 1st Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft property, the total guideline value is Rs 33,01,000, with a stamp duty of Rs 2,31,070 and a registration fee of Rs 66,020, totaling Rs 2,97,090.

Which office handles registrations for Sakthivel Nagar 1st Street?

The Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011, handles registrations for Sakthivel Nagar 1st Street.