Guideline Value for SIDCO NAGAR 19th STREET

SIDCO NAGAR 19th STREET guideline value

The current guideline value of SIDCO NAGAR 19th 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 19th STREET has changed

The guideline value for SIDCO NAGAR 19th STREET has seen several revisions over the years. The 2007 revision recorded a value of Rs 950 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this value dropped to Rs 3,350 per sq.ft in 2017. In 2023, the value rose to Rs 5,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 479%. The register does not have 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 in this area is Rs 4,900 per sq.ft, placing SIDCO NAGAR 19th STREET above this median.

• SIDCO NAGAR 18th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 1st MAIN ROAD: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 17th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 1st STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 16th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 20th STREET: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 19th 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, while the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. Please note that the 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 19th STREET?

The Sub Registrar Office that covers SIDCO NAGAR 19th STREET is 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 further assistance.

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

The guideline value is a critical factor during the registration of property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 19th STREET?

The current guideline value of SIDCO NAGAR 19th 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 from Rs 950 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 479% over this period.

What are the stamp duty and registration fees for property in SIDCO NAGAR 19th STREET?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office handles registrations for SIDCO NAGAR 19th STREET?

The Villivakkam Sub Registrar Office handles registrations for SIDCO NAGAR 19th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for SIDCO NAGAR 19th STREET?

SIDCO NAGAR 19th STREET is classified as Residential Class III Type - I.