Guideline Value for Sri Sakthi Nagar

Sri Sakthi Nagar guideline value

The current guideline value of Sri Sakthi Nagar is Rs 500 per sq.ft, as per the 2023 revision. This area is located in Arungal village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Sri Sakthi Nagar has changed

The guideline value for Sri Sakthi Nagar has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. However, in the 2017 revision, it decreased to Rs 335 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw the guideline value increase to Rs 500 per sq.ft, reflecting a rise of 49% from the 2017 figure.

Overall, when comparing the 2012 and 2023 revisions, the guideline value remains unchanged at Rs 500 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Arungal

Currently, there are no specific village figures provided for Arungal. However, Sri Sakthi Nagar is classified under the Gooduvancheri SRO, which is responsible for the registration of properties in this area.

Stamp duty and registration fee for property in Sri Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total fees together to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sakthi Nagar?

The Sub Registrar Office that covers Sri Sakthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Arungal. It serves as a reference point for determining the stamp duty and registration fees that are applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sri Sakthi Nagar?

The current guideline value of Sri Sakthi Nagar is Rs 500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, and then back to Rs 500 per sq.ft in 2023. This represents a 49% increase from 2017 to 2023 and a 33% decrease from 2012 to 2017.

Is there a guideline value for the year 2024?

No, the register does not have a figure for the year 2024 for Sri Sakthi Nagar.

What are the stamp duty and registration fees for a property in Sri Sakthi 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 500 per sq.ft, the total fees amount to Rs 45,000.

Where is the Sub Registrar Office for Sri Sakthi Nagar located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.