Guideline Value

Corporate

Guideline Value for Sakthivel Nagar

₹1100/sq.ft.

The guideline value for Sakthivel Nagar in Puzhal village (Redhills 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 Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Puzhal

Village

Redhills

SRO

Residential Class II Type - I
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 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹115 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1087 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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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Sakthivel Nagar guideline value

The current guideline value of Sakthivel Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Puzhal village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sakthivel Nagar has changed

Over the years, the guideline value of Sakthivel Nagar has seen several revisions. Starting from the 2002 revision, the guideline value was Rs 1,087 per sq.ft. It then decreased to Rs 115 per sq.ft in 2003. Following that, the value increased significantly to Rs 300 per sq.ft in 2007, and further rose to Rs 800 per sq.ft in 2012. However, it dropped to Rs 536 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and most recently, it has been revised to Rs 1,100 per sq.ft in 2024.

The changes between these revisions reflect fluctuations in the guideline value. From 2002 to 2024, the overall change is an increase of 1%. Notably, there was an increase of 87% from 2017 to 2023, while the value decreased by 33% from 2012 to 2017. The most significant increase occurred between 2007 and 2012, with a rise of 167%.

Guideline values in Puzhal

In Puzhal village, there are 270 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, placing Sakthivel Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Sakthivel Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000. Therefore, the total cost for stamp duty and registration fees would be Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Sakthivel Nagar?

The Sub Registrar Office covering Sakthivel Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Puzhal. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for both buyers and sellers to understand the guideline value as it impacts the overall cost of property transactions. Ensuring that the correct guideline value is applied can help avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sakthivel Nagar?

The current guideline value of Sakthivel 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 multiple times, starting from Rs 1,087 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value for streets in Puzhal?

The median guideline value for streets in Puzhal is Rs 1,102 per sq.ft, with Sakthivel Nagar's 2024 figure being below that median.

What are the stamp duty and registration fees for property in Sakthivel Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 1,100 per sq.ft, the total fees would amount to Rs 99,000.

Where can I find the Sub Registrar Office for Sakthivel Nagar?

The Sub Registrar Office for Sakthivel Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.