Guideline Value for 200 FEET ROAD

200 Feet Road guideline value

The current guideline value of 200 Feet Road in Sivabootham village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Commercial Class I Type - I.

How the guideline value of 200 Feet Road has changed

The guideline value for 200 Feet Road has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft. This figure dropped to Rs 2,010 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value significantly increased to Rs 3,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 3,300 per sq.ft, which is a 10% increase from 2023.

There are no recorded figures for the years 2002, 2003, and 2007 for 200 Feet Road. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Sivabootham

In Sivabootham, there are 39 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,120 to Rs 3,300 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, making the 2024 figure for 200 Feet Road above the median.

• Udhayan Nagar: Rs 1,210 per sq.ft (2024)
• Teacher Colony Main Raod: Rs 1,430 per sq.ft (2024)
• Teacher Colony 2nd Cross Street: Rs 1,430 per sq.ft (2024)
• Teacher Colony 1st Cross Street: Rs 1,430 per sq.ft (2024)
• Teacher Colony: Rs 1,430 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in 200 Feet Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers 200 Feet Road?

The Sub Registrar Office covering 200 Feet Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Sivabootham. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property. Buyers and sellers must ensure that the sale price is in line with the guideline value to avoid discrepancies during the registration process.

When registering a property, the guideline value ensures that the government receives the appropriate revenue from transactions. It is essential for both parties to be aware of the current guideline value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of 200 Feet Road?

The current guideline value of 200 Feet Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 in 2012 to Rs 2,010 in 2017, then increased to Rs 3,000 in 2023, and finally to Rs 3,300 in 2024.

What is the land classification of 200 Feet Road?

200 Feet Road is classified as Commercial Class I Type - I.

Where can I find the Sub Registrar Office for 200 Feet Road?

The Sub Registrar Office for 200 Feet Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in Sivabootham?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 33,00,000 would incur a stamp duty of Rs 2,31,000 at a rate of 7%.