Guideline Value for SIDCO NAGAR 34th STREET

SIDCO NAGAR 34th STREET guideline value

The current guideline value for SIDCO NAGAR 34th 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 34th STREET has changed

The guideline value for SIDCO NAGAR 34th STREET has seen several revisions over the years. In 2007, the guideline value was 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 next revision in 2023 saw the value rise to Rs 5,000 per sq.ft, and the most recent revision in 2024 has set the value at Rs 5,500 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 479%. The revisions for the years 2002 and 2003 do not have any figures available 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, with a median value of Rs 4,900 per sq.ft. The guideline value for SIDCO NAGAR 34th STREET is above this median.

• SIDCO NAGAR 33rd STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 35th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 32nd STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 36th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 31st STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 37th STREET: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 34th 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 at 7% would be 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers SIDCO NAGAR 34th STREET?

The Sub Registrar Office that covers SIDCO NAGAR 34th 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 additional assistance.

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

The guideline value is a crucial factor when registering a property in Villivakkam. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When a property is bought or sold, the guideline value ensures that the transaction is recorded accurately for taxation purposes. It helps maintain transparency in property transactions and provides a reference point for buyers and sellers alike.

Frequently asked questions

What is the current guideline value for SIDCO NAGAR 34th STREET?

The current guideline value for SIDCO NAGAR 34th 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 increased from Rs 950 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 479% over these years.

What is the median guideline value in Villivakkam?

The median guideline value in Villivakkam is Rs 4,900 per sq.ft, while SIDCO NAGAR 34th STREET's value is above this median.

What are the stamp duty and registration fees for a property in SIDCO NAGAR 34th STREET?

For a property measuring 1,000 sq.ft, the total stamp duty and registration fees would amount to Rs 4,95,000, based on the current guideline value.

Where is the Sub Registrar Office for SIDCO NAGAR 34th STREET located?

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