Guideline Value for SIDCO NAGAR 30th STREET

SIDCO NAGAR 30th STREET guideline value

The current guideline value of SIDCO NAGAR 30th 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 30th STREET has changed

The guideline value for SIDCO NAGAR 30th STREET has undergone several revisions over the years. In the 2007 revision, the value was Rs 950 per sq.ft, which significantly increased to Rs 5,000 per sq.ft in the 2012 revision. However, there was a decrease in the 2017 revision, where the value dropped to Rs 3,350 per sq.ft. The value then rose to Rs 5,000 per sq.ft in the 2023 revision, and currently stands at Rs 5,500 per sq.ft from the 2024 revision.

From the 2017 to 2023 revision, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 10% rise. Notably, the overall change from the 2007 revision to the 2024 revision is a substantial increase of 479%. The guideline value 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 with 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 30th STREET above this median.

• Sidco Nagar 2nd Street: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 31st STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 2nd MAIN ROAD: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 32nd STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 29th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 33rd STREET: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 30th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty, calculated 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. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SIDCO NAGAR 30th STREET?

The SIDCO NAGAR 30th STREET is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Villivakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it impacts the stamp duty and registration fees payable during the transaction.

At the time of registration, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the state government receives the appropriate revenue from property transactions, reflecting the property's value as per the official register.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 30th STREET?

The current guideline value of SIDCO NAGAR 30th 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 seen significant changes, starting 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 median guideline value in Villivakkam?

The median guideline value in Villivakkam is Rs 4,900 per sq.ft, with SIDCO NAGAR 30th STREET's 2024 value being above this median.

What are the stamp duty and registration fees for properties 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.

Which office handles the registration of properties in SIDCO NAGAR 30th STREET?

The registration of properties in SIDCO NAGAR 30th STREET is handled by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.