Guideline Value

Corporate

Guideline Value for Sri Sakthi Nagar

₹2200/sq.ft.

The guideline value for Sri Sakthi Nagar in Peerklankaranai village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Peerklankaranai

Village

Tambaram Joint 1

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Sakthi Nagar

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Sri Sakthi Nagar guideline value

The current guideline value of Sri Sakthi Nagar, located in Peerklankaranai village, is Rs 2,200 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Tambaram Joint 1 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 seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in the 2023 revision, marking a 10% rise. Prior to that, the 2017 revision recorded a value of Rs 1,340 per sq.ft, reflecting a significant increase of 49% from the previous 2012 revision, which was also Rs 2,000 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Looking at the overall changes from 2012 to 2024, the guideline value has increased by 10%. The 2012 figure of Rs 2,000 per sq.ft decreased to Rs 1,340 per sq.ft in 2017, which was a decline of 33%. However, the value has since recovered and increased to the current rate of Rs 2,200 per sq.ft in 2024.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets that have a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with the median being Rs 1,650 per sq.ft. The guideline value for Sri Sakthi Nagar is above this median, indicating a higher valuation compared to many other streets in the 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty, charged at 7%, would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, 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 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 when registering property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property transfer process.

When a property is sold or purchased, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is in line with the official valuation set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Sakthi Nagar?

The current guideline value of Sri Sakthi Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, a 10% increase. From 2017 to 2023, it rose by 49% from Rs 1,340 per sq.ft.

What is the land classification for Sri Sakthi Nagar?

Sri Sakthi Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes.

What are the other streets in Peerklankaranai?

Other streets in Peerklankaranai include Sri Sakthi Nagar Extn. at Rs 1,320 per sq.ft, Sri Ram Nagar Main Road at Rs 1,650 per sq.ft, and several Sriram Nagar streets, all at Rs 1,320 per sq.ft for 2024.

Where can I find the Sub Registrar Office for Sri Sakthi Nagar?

The Sub Registrar Office for Sri Sakthi Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more details by visiting the provided link.