Guideline Value for SIDCO NAGAR 10th STREET

SIDCO NAGAR 10th STREET guideline value

The current guideline value for SIDCO NAGAR 10th STREET is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of SIDCO NAGAR 10th STREET has changed

The guideline value for SIDCO NAGAR 10th STREET has seen several revisions over the years. The earliest recorded value is from 2007, which was Rs 950 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a substantial rise of 426%. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft, a decline of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

In summary, the guideline value has changed from Rs 950 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, an overall increase of 479%. Notably, there are no recorded figures for the years 2002 and 2003 for this street.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing SIDCO NAGAR 10th STREET above the median at Rs 5,500 per sq.ft.

• SIDCO NAGAR 11th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 12th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 13th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 14th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 15th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 16th STREET: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 10th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SIDCO NAGAR 10th STREET?

The Sub Registrar Office that covers SIDCO NAGAR 10th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with government regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for legal ownership transfer. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 10th STREET?

The current guideline value of SIDCO NAGAR 10th STREET is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 950 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 479% over the years.

What is the stamp duty for properties in SIDCO NAGAR 10th STREET?

The stamp duty for properties in SIDCO NAGAR 10th STREET is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for SIDCO NAGAR 10th STREET?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the median guideline value for streets in Villivakkam?

The median guideline value for streets in Villivakkam is Rs 4,900 per sq.ft, with SIDCO NAGAR 10th STREET being above this median at Rs 5,500 per sq.ft.