Guideline Value for sakkarapani street,gomathi street

Sakkarapani Street,Gomathi Street guideline value

The current guideline value for Sakkarapani Street,Gomathi Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Sakkarapani Street,Gomathi Street has changed

Over the years, the guideline value for Sakkarapani Street,Gomathi Street has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, up from Rs 2,500 per sq.ft in 2023, marking a 10% increase. Prior to that, the value was Rs 1,675 per sq.ft in 2017, which reflects a significant increase of 49% from the previous revision in 2023. The 2012 revision also recorded a value of Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 value.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Chitlapakkam

Chitlapakkam village has a total of 548 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, positioning Sakkarapani Street,Gomathi Street above this median with its 2024 figure of Rs 2,750 per sq.ft.

• Sakkarapani Street: Rs 2,750 per sq.ft (2024)
• Sakradish Street: Rs 2,750 per sq.ft (2024)
• Sairam Street: Rs 1,650 per sq.ft (2024)
• SalaioraVasikal St: Rs 1,650 per sq.ft (2024)
• Sai Nagar Extension1&3: Rs 2,750 per sq.ft (2024)
• Sai Enclave: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sakkarapani Street,Gomathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, totaling Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakkarapani Street,Gomathi Street?

The Sub Registrar Office that covers Sakkarapani Street,Gomathi Street 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 Chitlapakkam

The guideline value plays a crucial role during the registration of property transactions in Chitlapakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two figures is used to calculate the stamp duty and registration fees, thereby ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value for Sakkarapani Street,Gomathi Street?

The current guideline value for Sakkarapani Street,Gomathi Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, with various revisions in between, including Rs 2,500 in 2023 and 2012.

What is the land classification for Sakkarapani Street,Gomathi Street?

The land classification for Sakkarapani Street,Gomathi Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Sakkarapani Street,Gomathi Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Chitlapakkam?

Stamp duty is calculated based on the higher value between the guideline value and the sale price of the property. For example, a property with a guideline value of Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at a rate of 7%.