Guideline Value for SIDCO NAGAR 43th STREET

SIDCO NAGAR 43th STREET guideline value

The current guideline value of SIDCO NAGAR 43th 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 43th STREET has changed

The guideline value for SIDCO NAGAR 43th STREET has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 950 per sq.ft, which significantly increased to Rs 5,000 per sq.ft in 2012. However, from 2012 to 2017, the value decreased to Rs 3,350 per sq.ft. The 2023 revision saw a rise to Rs 5,000 per sq.ft, and the latest revision in 2024 increased it further to Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

Overall, the guideline value has increased by 479% from the 2007 revision to the current 2024 figure. Notably, there are no figures available for this street in the 2002 and 2003 revisions.

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 guideline value for these streets is Rs 4,900 per sq.ft, placing SIDCO NAGAR 43th STREET above this median.

• SIDCO NAGAR 42th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 46th STREET: Rs 4,900 per sq.ft (2024)
• SIDCO NAGAR 41th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 47th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 40th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 4th MAIN ROAD: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 43th 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 charges to Rs 4,95,000. It is important to note that 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 precise calculations.

Which Sub Registrar Office covers SIDCO NAGAR 43th STREET?

The Sub Registrar Office that covers SIDCO NAGAR 43th 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 here.

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

The guideline value is a crucial factor during the registration of property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable on a property sale.

When a property is sold, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. This ensures that the registration process is consistent and transparent, reflecting the official value set by the authorities.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 43th STREET?

The current guideline value of SIDCO NAGAR 43th 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 significantly from Rs 950 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 479%.

What is the median guideline value in Villivakkam?

The median guideline value for streets in Villivakkam is Rs 4,900 per sq.ft, with SIDCO NAGAR 43th STREET being above this median at Rs 5,500 per sq.ft.

What are the stamp duty and registration fees for properties in SIDCO NAGAR 43th STREET?

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 registrations for SIDCO NAGAR 43th STREET?

The Villivakkam Sub Registrar Office handles registrations for SIDCO NAGAR 43th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.