Guideline Value for SIDCO NAGAR 21th STREET

SIDCO NAGAR 21th STREET guideline value

The current guideline value for SIDCO NAGAR 21th STREET is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village, under the jurisdiction of the Villivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of SIDCO NAGAR 21th STREET has changed

The guideline value for SIDCO NAGAR 21th STREET has undergone several revisions over the years. The earliest recorded figure 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 drop of 33%. The value then rose sharply to Rs 5,000 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 5,500 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the revisions in 2002 and 2003 for SIDCO NAGAR 21th STREET. Overall, from 2007 to 2024, the guideline value has increased by 479%.

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 21th STREET above that median with its current rate of Rs 5,500 per sq.ft.

• SIDCO NAGAR 20th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 22nd STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 1st STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 23rd STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 1st MAIN ROAD: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 24th STREET: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 21th 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 cost for these fees 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.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers SIDCO NAGAR 21th STREET?

The Sub Registrar Office that covers SIDCO NAGAR 21th 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 plays a crucial role during the registration of property transactions in Villivakkam. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for SIDCO NAGAR 21th STREET?

The current guideline value for SIDCO NAGAR 21th 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, showing a significant increase over the years, particularly from 2012 to 2017 and again from 2023 to 2024.

What are the stamp duty and registration fees for property in this area?

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.

Where is the Sub Registrar Office for SIDCO NAGAR 21th STREET located?

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 land classification for SIDCO NAGAR 21th STREET?

The land classification for SIDCO NAGAR 21th STREET is Residential Class III Type - I, indicating its suitability for residential development.