Guideline Value for SIDCO NAGAR 13th STREET

SIDCO NAGAR 13th STREET guideline value

The current guideline value of SIDCO NAGAR 13th 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 13th STREET has changed

The guideline value for SIDCO NAGAR 13th STREET has seen significant changes over the years. In 2007, the value was Rs 950 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. However, it decreased by 33% to Rs 3,350 per sq.ft in 2017. Following that, the value rose sharply to Rs 5,000 per sq.ft in 2023, and then increased by 10% to the current figure of Rs 5,500 per sq.ft in 2024.

Between the revisions, the guideline value increased by 426% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 479%. The register has no 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 is Rs 4,900 per sq.ft, placing SIDCO NAGAR 13th STREET above this median.

• SIDCO NAGAR 12th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 14th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 11th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 15th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 10th 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 13th 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. 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 SIDCO NAGAR 13th STREET?

The SIDCO NAGAR 13th STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property transactions.

When a property is sold, the registration authority uses the guideline value to calculate the applicable stamp duty and registration fees. This ensures that the transaction reflects an accurate value for taxation purposes, based on the established guideline rates.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 13th STREET?

The current guideline value of SIDCO NAGAR 13th 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 changed significantly from Rs 950 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, with various increases and decreases along the way.

What is the land classification for SIDCO NAGAR 13th STREET?

SIDCO NAGAR 13th STREET is classified as Residential Class III Type - I.

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

The Villivakkam Sub Registrar Office covers SIDCO NAGAR 13th STREET and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in SIDCO NAGAR 13th STREET?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at 7%.