Guideline Value for Sri Sakthi Nagar

Sri Sakthi Nagar guideline value

The current guideline value of Sri Sakthi Nagar is Rs 402 per sq.ft, effective from 1 July 2024. This area is located in Salamangalam village under the Sriperumpudur SRO, classified as Residential Class I Type - II.

How the guideline value of Sri Sakthi Nagar has changed

In the 2017 revision, the guideline value for Sri Sakthi Nagar was set at Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 402 per sq.ft. The most recent 2024 revision has maintained the same value of Rs 402 per sq.ft, resulting in no percentage change across these years.

There are no guideline value figures available for the years 2002, 2003, 2007, and 2012 for Sri Sakthi Nagar. Thus, the overall change from 2017 to 2024 is also 0%.

Guideline values in Salamangalam

In Salamangalam, there are 59 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 200 to Rs 3,100 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Sri Sakthi Nagar's current value below this median.

• Sri Venkateswara Nagar: Rs 550 per sq.ft (2024)
• Sri Rama Anjineya Garden: Rs 600 per sq.ft (2024)
• Subam Enclave: Rs 400 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 400 per sq.ft (2024)
• Sri Ganapathy Nagar Colony Extn: Rs 300 per sq.ft (2024)
• Sri Ganapathy Nagar Colony: Rs 300 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 402 per sq.ft, the total guideline value would be Rs 4,02,000. The stamp duty at 7% would amount to Rs 28,140, while the registration fee at 2% would be Rs 8,040. Together, the total cost for these fees would be Rs 36,180. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sri Sakthi Nagar?

Sri Sakthi Nagar falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Salamangalam, as it determines the stamp duty and registration fees payable during the transaction. Buyers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value ensures that the property is valued fairly for taxation purposes. It is essential for both buyers and sellers to understand these values to avoid any discrepancies during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Sri Sakthi Nagar?

The current guideline value of Sri Sakthi Nagar is Rs 402 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Sakthi Nagar has remained constant at Rs 402 per sq.ft from 2017 through 2024, with no changes recorded in previous revisions for this street.

What is the land classification of Sri Sakthi Nagar?

Sri Sakthi Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 4,02,000, the stamp duty would be Rs 28,140 and the registration fee would be Rs 8,040, totaling Rs 36,180.

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

The Sub Registrar Office covering Sri Sakthi Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.