Guideline Value for SIDDI VINAYAGAR KOVIL STREET

Siddi Vinayagar Kovil Street guideline value

The current guideline value of Siddi Vinayagar Kovil Street is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Periyakuppam village, under the Tiruvallur Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Siddi Vinayagar Kovil Street has changed

The guideline value for Siddi Vinayagar Kovil Street has undergone several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to Rs 1,320 per sq.ft in the 2024 revision. There are no figures available for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, followed by a substantial increase of 49% from 2017 to 2023. The guideline value saw an increase of 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Periyakuppam

In Periyakuppam, there are 105 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Siddi Vinayagar Kovil Street is above this median.

• Sir.C.V.Raman Street: Rs 1,100 per sq.ft (2024)
• Sivasubramaniyam Street: Rs 550 per sq.ft (2024)
• Skp - Nagar: Rs 879 per sq.ft (2024)
• Sera Sabarathinam Street: Rs 1,100 per sq.ft (2024)
• Sowbhagyam Nagar: Rs 879 per sq.ft (2024)
• Sozhan Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Siddi Vinayagar Kovil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Siddi Vinayagar Kovil Street?

The Siddi Vinayagar Kovil Street falls under the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Periyakuppam

The guideline value is crucial during the registration of property transactions in Periyakuppam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. This helps maintain transparency in property dealings within the area.

Frequently asked questions

What is the current guideline value of Siddi Vinayagar Kovil Street?

The current guideline value of Siddi Vinayagar Kovil Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024. There are no figures available for the years 2002, 2003, and 2007.

What is the registration office for Siddi Vinayagar Kovil Street?

The registration office for Siddi Vinayagar Kovil Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is stamp duty calculated for properties in Siddi Vinayagar Kovil Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 92,400.

What are the other streets in Periyakuppam with guideline values?

Other streets in Periyakuppam include Sir.C.V.Raman Street at Rs 1,100 per sq.ft, Sivasubramaniyam Street at Rs 550 per sq.ft, and Skp - Nagar at Rs 879 per sq.ft, among others.