Guideline Value for SIDCO NAGAR 9th STREET

SIDCO NAGAR 9th STREET guideline value

The current guideline value of SIDCO NAGAR 9th STREET is Rs 5,500 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Villivakkam village, under the Villivakkam SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of SIDCO NAGAR 9th STREET has changed

The guideline value for SIDCO NAGAR 9th STREET has seen several revisions over the years. In 2007, the value was Rs 950 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012. However, it decreased to Rs 3,350 per sq.ft in 2017 before rising to Rs 5,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 5,500 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 was a remarkable increase of 426%. Overall, from 2007 to 2024, the guideline value has increased by 479%. 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, with a median value of Rs 4,900 per sq.ft. The guideline value for SIDCO NAGAR 9th STREET is above this median.

• SIDCO NAGAR 8th STREET: Rs 5,500 per sq.ft (2024)
• Sidco Nagar (Commercial Side-Main Road): Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 7th STREET: Rs 5,500 per sq.ft (2024)
• Sidco Nagar Industraial Estate & Estate Road: Rs 5,500 per sq.ft (2024)
• SIDCO NAGAR 6th STREET: Rs 5,500 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 9th STREET

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 55,00,000. The stamp duty, charged 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. 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 9th STREET?

The Sub Registrar Office that covers SIDCO NAGAR 9th 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 an important factor in the registration process of property transactions in Villivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are essential costs that must be considered by both buyers and sellers during the property transaction process.

Frequently asked questions

What is the current guideline value of SIDCO NAGAR 9th STREET?

The current guideline value of SIDCO NAGAR 9th 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 land classification for SIDCO NAGAR 9th STREET?

SIDCO NAGAR 9th STREET falls under the Residential Class III Type - I land classification.

What are the stamp duty rates applicable in SIDCO NAGAR 9th STREET?

The stamp duty rate for property transactions in SIDCO NAGAR 9th STREET is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for SIDCO NAGAR 9th STREET located?

The Sub Registrar Office covering SIDCO NAGAR 9th STREET is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.