Guideline Value for Sri Sakthi Nagar

Sri Sakthi Nagar guideline value

The current guideline value of Sri Sakthi Nagar, located in Puthagaram village under the Ambattur SRO, is Rs 2,200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - III land classification.

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 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from the previous 2017 revision of Rs 1,474 per sq.ft. The 2023 revision maintained the value at Rs 2,200 per sq.ft, with no change from the previous year. As of the 2024 revision, the guideline value remains at Rs 2,200 per sq.ft, indicating a 0% change from 2023.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 2,200 per sq.ft, despite fluctuations in earlier years.

Guideline values in Puthagaram

In Puthagaram village, there are 140 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,200 to Rs 3,800 per sq.ft, with a median value of Rs 1,900 per sq.ft. The guideline value for Sri Sakthi Nagar is above this median, reflecting its unique position within the village.

• Sri sakthi Nagar Extention: Rs 2,200 per sq.ft (2024)
• Sri Sarweswari Avenu: Rs 2,200 per sq.ft (2024)
• Sri Singaravelavan Nagar: Rs 1,800 per sq.ft (2024)
• Sri Ram Nagar Extention: Rs 2,201 per sq.ft (2024)
• Sri Vengadasai Nagar Anex: Rs 2,201 per sq.ft (2024)
• Sri Vengagasai Nagar: Rs 2,201 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It's important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Sakthi Nagar?

Sri Sakthi Nagar falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a critical factor during property transactions in Puthagaram. It serves as a benchmark for determining the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. It is vital for both parties 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 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,200 per sq.ft since the 2012 revision, with a significant increase of 49% from Rs 1,474 per sq.ft in 2017 to 2023. There were no figures available for the years 2002, 2003, and 2007.

What is the land classification for Sri Sakthi Nagar?

Sri Sakthi Nagar is classified as Residential Special Type - III, which influences its guideline value and usage.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are based on the guideline value or sale price, whichever is higher.

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

The Ambattur Sub Registrar Office covers Sri Sakthi Nagar and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.