Guideline Value for SIDCO NAGAR 46th STREET

SIDCO NAGAR 46th STREET guideline value

The current guideline value of SIDCO NAGAR 46th STREET is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Villivakkam village and falls under the Villivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of SIDCO NAGAR 46th STREET has changed

The guideline value for SIDCO NAGAR 46th STREET has seen several revisions over the years. In 2007, the guideline value was Rs 950 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it then decreased to Rs 3,015 per sq.ft in 2017. The value rose again to Rs 4,500 per sq.ft in 2023, and currently stands at Rs 4,900 per sq.ft from the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The revision from 2023 to 2024 reflects a 9% increase. Overall, from 2007 to 2024, the guideline value has increased by 416%. The register has no figures for the years 2002 and 2003 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. The median value is Rs 4,900 per sq.ft, which is equal to the current guideline value of SIDCO NAGAR 46th STREET.

• SIDCO NAGAR 43th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 47th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 42th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 4th MAIN ROAD: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 41th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 4th STREET: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 46th STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, making the total fees together Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SIDCO NAGAR 46th STREET?

The Sub Registrar Office that covers SIDCO NAGAR 46th 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 is a critical factor in the registration process of property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 46th STREET?

The current guideline value of SIDCO NAGAR 46th STREET is Rs 4,900 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 4,900 per sq.ft in 2024, reflecting an overall increase of 416% over the years.

What is the land classification for SIDCO NAGAR 46th STREET?

The land classification for SIDCO NAGAR 46th STREET is Residential Class III Type - II.

What are the stamp duty and registration fees for a property in SIDCO NAGAR 46th STREET?

For a property valued at Rs 49,00,000, the stamp duty would be Rs 3,43,000 and the registration fee would be Rs 98,000, totaling Rs 4,41,000.

Which office handles registrations for SIDCO NAGAR 46th STREET?

The Villivakkam Sub Registrar Office handles registrations for SIDCO NAGAR 46th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.