Guideline Value for Sri Sakthi Nagar

Sri Sakthi Nagar guideline value

The current guideline value of Sri Sakthi Nagar, located in Atanancheri village under the Gooduvancheri SRO, is Rs 800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Sri Sakthi Nagar has changed

Over the years, the guideline value of Sri Sakthi Nagar has seen several revisions. The earliest recorded figure was Rs 130 per sq.ft in 2007, which then increased significantly to Rs 800 per sq.ft in 2012. However, it dropped to Rs 536 per sq.ft in 2017 before rising again to Rs 800 per sq.ft in both 2023 and 2024. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, the guideline value increased by 49%. Notably, the value surged by 515% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. Overall, the guideline value has increased by 515% from 2007 to 2024.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO with a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, placing Sri Sakthi Nagar's 2024 figure above this median.

• Sri Ranganathar Nagar: Rs 800 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 500 per sq.ft (2024)
• Sri Vari Nagar: Rs 600 per sq.ft (2024)
• Sri Ram Nagar: Rs 500 per sq.ft (2024)
• Srinivasa Perumal Nagar: Rs 600 per sq.ft (2024)
• Subashree Nagar: Rs 670 per sq.ft (2024)

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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Atanancheri. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on the official valuation set by the government.

When buying or selling property, the guideline value will be considered to calculate the applicable fees, and it is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Sakthi Nagar?

The current guideline value of Sri Sakthi Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 130 per sq.ft in 2007 to Rs 800 per sq.ft in 2012, then decreased to Rs 536 per sq.ft in 2017, and returned to Rs 800 per sq.ft in both 2023 and 2024.

What is the land classification for Sri Sakthi Nagar?

The land classification for Sri Sakthi Nagar is Residential Special Type - III.

What is the registration office for Sri Sakthi Nagar?

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

How is the stamp duty calculated for property in Sri Sakthi Nagar?

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 Rs 800 per sq.ft, the stamp duty would be Rs 56,000.