Guideline Value for SIDCO NAGAR 27th STREET

SIDCO NAGAR 27th STREET guideline value

The current guideline value of SIDCO NAGAR 27th 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 27th STREET has changed

The guideline value for SIDCO NAGAR 27th 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 rise of 426%. However, the value then dropped to Rs 3,350 per sq.ft in 2017, a decrease of 33%. From 2017 to 2023, the value saw a substantial increase of 49%, reaching Rs 5,000 per sq.ft, and the most recent revision in 2024 set the guideline value at Rs 5,500 per sq.ft, reflecting a 10% increase from the previous year.

The register does not contain figures 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 guideline value in this area is Rs 4,900 per sq.ft, placing the 2024 figure for SIDCO NAGAR 27th STREET above this median.

• SIDCO NAGAR 26th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 28th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 25th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 29th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 24th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 2nd MAIN ROAD: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 27th 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 to Rs 4,95,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SIDCO NAGAR 27th STREET?

The Sub Registrar Office that covers SIDCO NAGAR 27th STREET is the Villivakkam Sub Registrar Office. The address is Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 need to be paid during the property registration process. Buyers and sellers should be aware that the guideline value may influence the overall transaction costs.

When registering a property, the guideline value helps ensure that the transaction is recorded accurately and reflects the value of the property in the current market. This is essential for maintaining transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 27th STREET?

The current guideline value of SIDCO NAGAR 27th STREET is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much 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, reflecting an overall increase of 479% over the years.

What is the land classification of SIDCO NAGAR 27th STREET?

SIDCO NAGAR 27th STREET is classified as Residential Class III Type - I.

Where is the Villivakkam Sub Registrar Office located?

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

How is stamp duty calculated for properties in SIDCO NAGAR 27th STREET?

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