Guideline Value for Sri Sakthi Nagar Extn.
₹1320/sq.ft.
The guideline value for Sri Sakthi Nagar Extn. in Peerklankaranai village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Peerklankaranai
Village
Tambaram Joint 1
SRO
Residential Class I Type - III
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1320 /sq.ft. |
| From 1-4-2023 | ₹1200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹804 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1200 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| 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)
No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]
Records for a plot on Sri Sakthi Nagar Extn.
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sri Sakthi Nagar Extn. guideline value
The current guideline value of Sri Sakthi Nagar Extn. is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification is Residential Class I Type - III.
How the guideline value of Sri Sakthi Nagar Extn. has changed
In the 2012 revision, the guideline value was Rs 1,200 per sq.ft. This figure remained the same until the 2017 revision, where it decreased to Rs 804 per sq.ft, marking a decline of 33%. Subsequently, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision, and then rose again to Rs 1,320 per sq.ft in the 2024 revision, reflecting a 10% increase.
From 2017 to 2023, the guideline value saw a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Peerklankaranai
In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value range from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Sri Sakthi Nagar Extn.'s 2024 figure below this median.
- Sri Sakthi Nagar: Rs 2,200 per sq.ft (2024)
- Sri Ram Nagar Main Road: Rs 1,650 per sq.ft (2024)
- Sriram Nagar 8th Street: Rs 1,320 per sq.ft (2024)
- Sriram Nagar 7th Street: Rs 1,320 per sq.ft (2024)
- Sriram Nagar 6th Street: Rs 1,320 per sq.ft (2024)
- Sriram Nagar 5th Street: Rs 1,320 per sq.ft (2024)
Stamp duty and registration fee for property in Sri Sakthi Nagar Extn.
For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Sri Sakthi Nagar Extn.?
The Sub Registrar Office that covers Sri Sakthi Nagar Extn. is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Peerklankaranai
The guideline value is a crucial factor in the registration process when buying or selling property in Peerklankaranai. It determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees applicable to the transaction.
When a property is sold, the higher value between the guideline value and the sale price is used to calculate the stamp duty. This ensures that the government receives the appropriate revenue based on the property's assessed value.
Frequently asked questions
What is the current guideline value of Sri Sakthi Nagar Extn.?
The current guideline value of Sri Sakthi Nagar Extn. is Rs 1,320 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.
What is the land classification for Sri Sakthi Nagar Extn.?
Sri Sakthi Nagar Extn. is classified as Residential Class I Type - III.
Where can I find the Sub Registrar Office for this area?
The Sub Registrar Office for Sri Sakthi Nagar Extn. is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.
How is the stamp duty calculated for properties in Sri Sakthi Nagar Extn.?
Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 13,20,000, the stamp duty at 7% would be Rs 92,400.
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