Guideline Value for SIDCO NAGAR 37th STREET

SIDCO NAGAR 37th STREET guideline value

The current guideline value for SIDCO NAGAR 37th 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 37th STREET has changed

The guideline value for SIDCO NAGAR 37th STREET has undergone 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, there was a decrease to Rs 3,350 per sq.ft in 2017. The value then rose to Rs 5,000 per sq.ft in 2023, and currently stands at Rs 5,500 per sq.ft as of the 2024 revision. The changes between these revisions include a 426% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

The revisions for the years 2002 and 2003 do not have any figures recorded for this street in the register.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that have 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, making the current value for SIDCO NAGAR 37th STREET above the median.

• SIDCO NAGAR 36th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 38th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 35th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 39th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 34th STREET: Rs 5,500 per sq.ft (2024)
• Sidco Nagar 3rd Main Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 37th 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, totaling 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SIDCO NAGAR 37th STREET?

The Sub Registrar Office that covers SIDCO NAGAR 37th 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 more information.

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

The guideline value plays a crucial role during the registration of property transactions in Villivakkam. It is used to determine the stamp duty and registration fees that must be paid, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, it is essential to be aware of the current guideline value, as it can impact the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value for SIDCO NAGAR 37th STREET?

The current guideline value for SIDCO NAGAR 37th 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 changed 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 for SIDCO NAGAR 37th STREET?

SIDCO NAGAR 37th STREET is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for SIDCO NAGAR 37th STREET?

The Sub Registrar Office for SIDCO NAGAR 37th STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is stamp duty calculated for properties in SIDCO NAGAR 37th STREET?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.