Guideline Value for Sivasakthi Nagar

Sivasakthi Nagar guideline value

The current guideline value of Sivasakthi Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Kerugambakkam village and falls under the Pammal SRO. The land classification for this locality is Residential Class II Type - II.

How the guideline value of Sivasakthi Nagar has changed

The guideline value for Sivasakthi Nagar has undergone several revisions over the years. The oldest recorded revision is from 2017, where the value was Rs 1,206 per sq.ft. This was followed by an increase to Rs 1,800 per sq.ft in the 2023 revision, and the most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year. Notably, there are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%, and overall, from 2017 to 2024, the increase amounts to 64%. These changes indicate a significant rise in the guideline value over the years, reflecting the evolving landscape of the area.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Sivasakthi Nagar's 2024 figure below this median.

• Sivaraj Street: Rs 1,980 per sq.ft (2024)
• Smk Maansarovar Nagar: Rs 2,200 per sq.ft (2024)
• S.G.R.Nagar: Rs 1,980 per sq.ft (2024)
• Sri Kamaladevi Nagar: Rs 1,650 per sq.ft (2024)
• Sri Kumaran Nagar: Rs 1,980 per sq.ft (2024)
• Sathiyavani Muthu Street: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost for these fees to Rs 1,78,200. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivasakthi Nagar?

The Sivasakthi Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Kerugambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value for calculating the stamp duty and registration fees associated with the transaction.

When a property is sold, the guideline value serves as a benchmark for the registration process. It ensures that the transaction is documented at a fair value, which is essential for legal purposes and future property transactions.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar?

The current guideline value of Sivasakthi Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the median guideline value in Kerugambakkam?

The median guideline value for the 144 streets in Kerugambakkam under the Pammal SRO is Rs 2,200 per sq.ft.

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

For a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations for Sivasakthi Nagar?

The Pammal Sub Registrar Office handles property registrations for Sivasakthi Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.