Guideline Value for Sakunthalam street(srisakthi nagar)

Sakunthalam street(srisakthi nagar) guideline value

The current guideline value of Sakunthalam street(srisakthi nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Sakunthalam street(srisakthi nagar) has changed

The guideline value for Sakunthalam street(srisakthi nagar) has undergone several revisions over the years. The earliest recorded figure is from 2007, with a guideline value of Rs 200 per sq.ft. This value saw a significant increase to Rs 2,200 per sq.ft in 2012, marking a 1000% rise. The value remained unchanged at Rs 2,200 per sq.ft until the 2023 revision, which increased it to Rs 2,400 per sq.ft, reflecting a 9% increase.

As of the 2024 revision, the guideline value stands at Rs 2,400 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2017 for this street in the register.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which aligns with the current value of Sakunthalam street(srisakthi nagar).

• Sakthi Vel Nagar: Rs 1,500 per sq.ft (2024)
• Sakthi Street(Devi Nagar): Rs 2,400 per sq.ft (2024)
• Sairam Nagar: Rs 880 per sq.ft (2024)
• Sai Prabhu Batha Street(Srinagar Colony): Rs 2,700 per sq.ft (2024)
• Sannathi Street: Rs 2,400 per sq.ft (2024)
• Santhi Nagar: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Sakunthalam street(srisakthi nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, leading to a total of Rs 2,16,000. 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 detailed calculations.

Which Sub Registrar Office covers Sakunthalam street(srisakthi nagar)?

The Sub Registrar Office that covers Sakunthalam street(srisakthi 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 Thirumullaivoyal

The guideline value is a crucial factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both buyers and sellers understand the financial implications of the transaction. It is essential to consider this value when negotiating sale prices, as it directly affects the costs associated with registration and taxation.

Frequently asked questions

What is the current guideline value of Sakunthalam street(srisakthi nagar)?

The current guideline value of Sakunthalam street(srisakthi nagar) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking a total increase of 1100% over the years.

What is the land classification for Sakunthalam street(srisakthi nagar)?

The land classification for Sakunthalam street(srisakthi nagar) is Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

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

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000, leading to a stamp duty of Rs 1,68,000 at 7%.