Guideline Value for sakthi vinayaga nagar

Sakthi Vinayaga Nagar guideline value

The current guideline value of Sakthi Vinayaga Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Ozhalur village, under the Chengleput Joint I SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sakthi Vinayaga Nagar has changed

The guideline value for Sakthi Vinayaga Nagar has seen several revisions over the years. In 2012, the value was set at Rs 250 per sq.ft. This remained unchanged until the 2017 revision, which decreased the value to Rs 167 per sq.ft, marking a 33% drop. However, in 2023, the value increased to Rs 250 per sq.ft again, reflecting a 50% increase from the 2017 figure. The 2024 revision has kept this value steady at Rs 250 per sq.ft, with no percentage change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ozhalur

In Ozhalur, there are 13 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 672 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value for Sakthi Vinayaga Nagar is below this median.

• Sakthi Subbarayan Nagar: Rs 250 per sq.ft (2024)
• Sakthi Nagar: Rs 650 per sq.ft (2024)
• Sakthi Ganesh Nagar: Rs 250 per sq.ft (2024)
• Sathyamoorthy Nagar: Rs 250 per sq.ft (2024)
• Sri Mangal Avenue: Rs 300 per sq.ft (2024)
• Sri Mangal Avenue Phase - II: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sakthi Vinayaga Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sakthi Vinayaga Nagar?

The Sub Registrar Office covering Sakthi Vinayaga Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Ozhalur

The guideline value is a crucial factor in the registration process when buying or selling property in Ozhalur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, 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 government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Sakthi Vinayaga Nagar?

The current guideline value of Sakthi Vinayaga Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017, then back to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Sakthi Vinayaga Nagar?

Sakthi Vinayaga Nagar is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Sakthi Vinayaga Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Sakthi Vinayaga Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 250 per sq.ft, the total guideline value is Rs 2,50,000.