Guideline Value for SIDCO NAGAR 4th MAIN ROAD

SIDCO NAGAR 4th MAIN ROAD guideline value

The current guideline value of SIDCO NAGAR 4th MAIN ROAD is Rs 5,500 per sq.ft, effective from 1 July 2024. This road 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 4th MAIN ROAD has changed

The guideline value for SIDCO NAGAR 4th MAIN ROAD has seen several revisions over the years. In 2007, the value was Rs 1,450 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, this value dropped to Rs 3,350 per sq.ft in 2017. The 2023 revision set the value at Rs 5,000 per sq.ft, and the most recent 2024 revision has further increased it to Rs 5,500 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%. The value then rose by 10% from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 279%.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets 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 of SIDCO NAGAR 4th MAIN ROAD is above this median.

• SIDCO NAGAR 47th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 4th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 46th STREET: Rs 4,900 per sq.ft (2024)
• SIDCO NAGAR 51st STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 43th STREET: Rs 5,500 per sq.ft (2024)
• Sidco Nagar 53(Part) Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 4th MAIN ROAD

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 be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making the total fees Rs 4,95,000. 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 details.

Which Sub Registrar Office covers SIDCO NAGAR 4th MAIN ROAD?

The SIDCO NAGAR 4th MAIN ROAD is covered by 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 is crucial when registering property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it's important to be aware of the current guideline value, as it can significantly affect the overall costs involved in the transaction. Ensuring that the property is registered at the correct guideline value can help avoid future disputes.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 4th MAIN ROAD?

The current guideline value of SIDCO NAGAR 4th MAIN ROAD 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 1,450 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, with various revisions in between. The most recent increase was 10% from 2023 to 2024.

What are the stamp duty and registration fees for a property 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.

Which office handles registrations for SIDCO NAGAR 4th MAIN ROAD?

The Villivakkam Sub Registrar Office handles registrations for SIDCO NAGAR 4th MAIN ROAD, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for SIDCO NAGAR 4th MAIN ROAD?

SIDCO NAGAR 4th MAIN ROAD is classified as Residential Class III Type - I, indicating its designation for residential purposes.