Guideline Value for Sri Sakthiamman Nagar

Sri Sakthiamman Nagar guideline value

The current guideline value of Sri Sakthiamman Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024. This locality is situated in Kunrathour-B village, under the jurisdiction of the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of Sri Sakthiamman Nagar has changed

Over the years, the guideline value of Sri Sakthiamman Nagar has seen significant changes. The earliest recorded figure is from the 2017 revision, which was Rs 871 per sq.ft. This increased to Rs 1,300 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 1,430 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Kunrathour-B

In Kunrathour-B village, there are 325 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value in this area is Rs 1,540 per sq.ft, placing Sri Sakthiamman Nagar's value below this median.

• Sri Sankara Nagar: Rs 1,430 per sq.ft (2024)
• Sri Rangasamy Nagar: Rs 1,430 per sq.ft (2024)
• Sri Rajarajeswari Nagar Thiruvalluvar Nagar: Rs 1,430 per sq.ft (2024)
• Sri Rajarajeswari Nagar Sri Ram Street: Rs 1,430 per sq.ft (2024)
• Sri Rajarajeswari Nagar Nethaji Street: Rs 1,430 per sq.ft (2024)
• Sri Rajarajeswari Nagar Nehru Nagar: Rs 1,430 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Sakthiamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value would be Rs 14,30,000. The stamp duty at 7% would amount to Rs 1,00,100, while the registration fee at 2% would be Rs 28,600, bringing the total costs to Rs 1,28,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Sakthiamman Nagar?

The Sub Registrar Office that covers Sri Sakthiamman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the property transfer process.

Frequently asked questions

What is the current guideline value of Sri Sakthiamman Nagar?

The current guideline value of Sri Sakthiamman Nagar is Rs 1,430 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 871 per sq.ft to Rs 1,430 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the land classification of Sri Sakthiamman Nagar?

Sri Sakthiamman Nagar is classified as Residential Special Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Which office handles registrations for Sri Sakthiamman Nagar?

The Kunrathur Sub Registrar Office handles registrations for Sri Sakthiamman Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.