Guideline Value for SEVALIAR SIVAJI NAGAR

Sevaliar Sivaji Nagar guideline value

The current guideline value of Sevaliar Sivaji Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Anupampattu village under the Ponneri SRO and is classified as Residential Class I Type - I.

How the guideline value of Sevaliar Sivaji Nagar has changed

The guideline value for Sevaliar Sivaji Nagar has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 268 per sq.ft. This value increased significantly to Rs 400 per sq.ft in both the 2023 and 2024 revisions, marking a total increase of 49% from 2017 to 2024. The 2023 to 2024 revision saw no change in the guideline value.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. The consistent figure of Rs 400 per sq.ft in the 2023 and 2024 revisions indicates a stable valuation in recent years after the substantial increase from 2017.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, placing Sevaliar Sivaji Nagar's 2024 figure above this median.

• Semmozhi Nagar -IV: Rs 300 per sq.ft (2024)
• Semmozhi Nagar: Rs 300 per sq.ft (2024)
• Selliamman Nagar: Rs 300 per sq.ft (2024)
• Sri Amman Nagar: Rs 300 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 300 per sq.ft (2024)
• Sri Kamatchi Amman Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Sevaliar Sivaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value is Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sevaliar Sivaji Nagar?

The Sevaliar Sivaji Nagar area falls under the Ponneri Sub Registrar Office located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Anupampattu. It serves as a benchmark for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable fees. This ensures that the government receives the correct amount of revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Sevaliar Sivaji Nagar?

The current guideline value of Sevaliar Sivaji Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in both 2023 and 2024, marking a 49% increase overall. There were no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

What is the classification of land in Sevaliar Sivaji Nagar?

Sevaliar Sivaji Nagar is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles property registrations in the area.

How is stamp duty calculated in Sevaliar Sivaji Nagar?

Stamp duty in Sevaliar Sivaji Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.