Guideline Value for SIDCO NAGAR 35th STREET

SIDCO NAGAR 35th STREET guideline value

The current guideline value of SIDCO NAGAR 35th STREET is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village under the Villivakkam SRO, classified as Residential Class III Type - I.

How the guideline value of SIDCO NAGAR 35th STREET has changed

The guideline value for SIDCO NAGAR 35th STREET has undergone several revisions over the years. The earliest available 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 change of +426%. However, it then decreased to Rs 3,350 per sq.ft in 2017, a decline of -33%. The value rose again to Rs 5,000 per sq.ft in 2023, and most recently, it has increased to Rs 5,500 per sq.ft in 2024, reflecting a +10% change.

There are no available figures for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by +479%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, which means that the 2024 guideline value of SIDCO NAGAR 35th STREET is above this median.

• SIDCO NAGAR 34th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 36th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 33rd STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 37th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 32nd STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 38th STREET: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 35th 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, making the total fees 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers SIDCO NAGAR 35th STREET?

The Sub Registrar Office that covers SIDCO NAGAR 35th 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 plays a crucial role during property transactions in Villivakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure they are prepared for these costs.

When registering a property, the guideline value is compared to the sale price, and the higher amount is considered for calculating the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's value.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 35th STREET?

The current guideline value of SIDCO NAGAR 35th 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 several revisions, starting from Rs 950 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, which represents an overall increase of +479% over the years.

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. Duty is charged on the higher of the guideline value and the sale price.

Which office handles property registrations in Villivakkam?

The Villivakkam Sub Registrar Office handles property registrations in Villivakkam. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How do I find the guideline values for other streets in Villivakkam?

You can find the guideline values for other streets in Villivakkam by visiting the respective links provided for each street. The values vary across different streets, reflecting their unique characteristics and locations.