Guideline Value for DEIVA SIGAMANI STREET

Deiva Sigamani Street guideline value

The current guideline value of Deiva Sigamani Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Deiva Sigamani Street has changed

The guideline value for Deiva Sigamani Street has undergone several revisions over the years. In 2002, the guideline value was Rs 90 per sq.ft. This increased to Rs 106 per sq.ft in 2003, marking an 18% increase. Following this, the value saw a significant rise to Rs 400 per sq.ft in 2007, which was a 277% increase. The 2012 revision set the value at Rs 1,800 per sq.ft, reflecting a 350% increase from the previous revision. However, there was a decrease to Rs 1,206 per sq.ft in 2017, which represented a 33% drop. The value then increased to Rs 1,800 per sq.ft in 2023, before reaching the current value of Rs 1,980 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,100%. The register has no figures for the years not listed in the provided information.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values for 2024 ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Deiva Sigamani Street's 2024 figure above that median.

• Devi Karumariamman Nagar: Rs 2,750 per sq.ft (2024)
• Devi Karumariamman Nagar Main Road: Rs 2,750 per sq.ft (2024)
• Dhanam Nagar: Rs 1,650 per sq.ft (2024)
• Dhanam Nagar Palli 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Dhanam Nagar Palli 3rd Street: Rs 1,650 per sq.ft (2024)
• Dhanam Nagar Palli Extension 1st Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Deiva Sigamani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, these fees would total Rs 1,78,200. It is 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 information.

Which Sub Registrar Office covers Deiva Sigamani Street?

The Sub Registrar Office that covers Deiva Sigamani Street 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 Pallikaranai

The guideline value plays a crucial role during property transactions in Pallikaranai. When you buy or sell property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. It ensures that the government collects the appropriate taxes based on the property's value.

During registration, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Deiva Sigamani Street?

The current guideline value of Deiva Sigamani Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 90 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 2,100% over this period.

What are the stamp duty and registration fees for property in Deiva Sigamani Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000. The stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers Deiva Sigamani Street?

The Chennai South Joint I Sub Registrar Office covers Deiva Sigamani Street. It is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value for streets in Pallikaranai?

The median guideline value for streets in Pallikaranai is Rs 1,650 per sq.ft, with Deiva Sigamani Street's current value being above this median.