Guideline Value for SIDCO NAGAR 4th STREET

SIDCO NAGAR 4th STREET guideline value

The current guideline value of SIDCO NAGAR 4th 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 4th STREET has changed

The guideline value for SIDCO NAGAR 4th STREET has seen several revisions over the years. In 2007, the value was set at Rs 950 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a substantial rise of 426%. However, the value then decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The 2023 revision recorded a value of Rs 5,000 per sq.ft, which then increased to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 479%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Villivakkam

In Villivakkam, there are a total of 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, and SIDCO NAGAR 4th STREET's 2024 guideline value is above this median.

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value is 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 to 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SIDCO NAGAR 4th STREET?

The SIDCO NAGAR 4th STREET is covered by 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 crucial factor during property registration in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property transaction occurs, the guideline value helps ensure that the transaction is recorded at a value that reflects the official rates set by the government, thereby facilitating a transparent process for both buyers and sellers.

Frequently asked questions

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

The current guideline value of SIDCO NAGAR 4th 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 are the stamp duty and registration fees for property in SIDCO NAGAR 4th STREET?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 4,95,000.

Which office handles property registrations in SIDCO NAGAR 4th STREET?

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

What is the median guideline value in Villivakkam?

The median guideline value in Villivakkam is Rs 4,900 per sq.ft, with SIDCO NAGAR 4th STREET's value being above this median.