Guideline Value for SIDCO NAGAR 25th STREET

SIDCO NAGAR 25th STREET guideline value

The current guideline value of SIDCO NAGAR 25th 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 25th STREET has changed

The guideline value for SIDCO NAGAR 25th STREET has seen several revisions over the years. In 2007, the value was set at Rs 950 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this figure dropped to Rs 3,350 per sq.ft in 2017. The most recent revisions show an increase to Rs 5,000 per sq.ft in 2023, followed by a further increase to Rs 5,500 per sq.ft in 2024, marking a 10% rise from the previous year.

There are no figures available for the years 2002 and 2003 for this 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 value for these streets is Rs 4,900 per sq.ft, placing SIDCO NAGAR 25th STREET above this median.

• SIDCO NAGAR 24th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 26th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 23rd STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 27th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 22nd STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 28th STREET: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 25th STREET

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SIDCO NAGAR 25th STREET?

The Sub Registrar Office that covers SIDCO NAGAR 25th 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 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 stamp duty and registration fees that must be paid during the registration process.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 25th STREET?

The current guideline value of SIDCO NAGAR 25th STREET is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

Recently, the guideline value increased from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024, which is a 10% increase.

What was the guideline value in 2017?

In 2017, the guideline value for SIDCO NAGAR 25th STREET was Rs 3,350 per sq.ft.

What is the registration office for SIDCO NAGAR 25th STREET?

The registration office for SIDCO NAGAR 25th STREET is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Villivakkam?

Stamp duty in Villivakkam is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are paid during the registration process.