Guideline Value for SIDCO NAGAR 6th STREET

SIDCO NAGAR 6th STREET guideline value

The current guideline value of SIDCO NAGAR 6th 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 6th STREET has changed

The guideline value for SIDCO NAGAR 6th 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, this value decreased to Rs 3,350 per sq.ft in 2017 before rising again to Rs 5,000 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. The change from 2012 to 2017 saw a decrease of 33%, while the jump from 2007 to 2012 was a remarkable 426%. Overall, from 2007 to 2024, the guideline value has increased by 479%. The register does not contain 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 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, placing SIDCO NAGAR 6th STREET above this median.

• SIDCO NAGAR 5th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 7th STREET: Rs 5,500 per sq.ft (2024)
• Sidco Nagar 53(Part) Street: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 8th STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 51st STREET: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 9th STREET: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in SIDCO NAGAR 6th STREET

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the 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, totaling Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers SIDCO NAGAR 6th STREET?

The SIDCO NAGAR 6th STREET falls under 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 a critical factor during the registration of property transactions in Villivakkam. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When buying or selling a property, the guideline value is compared with the sale price, and the higher of the two figures is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 6th STREET?

The current guideline value of SIDCO NAGAR 6th 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 median guideline value in Villivakkam?

The median guideline value in Villivakkam is Rs 4,900 per sq.ft, which is below the current guideline value of SIDCO NAGAR 6th STREET.

What are the stamp duty and registration fees for properties in SIDCO NAGAR 6th 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 6th STREET?

The Villivakkam Sub Registrar Office handles registrations for SIDCO NAGAR 6th STREET, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.