Guideline Value for SINGARAVELU STREET

Singaravelu Street guideline value

The current guideline value of Singaravelu Street is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village and falls under the Thiyagaraya nagar SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Singaravelu Street has changed

The guideline value for Singaravelu Street has seen several revisions over the years. The 2012 revision set the value at Rs 10,000 per sq.ft, which was then reduced to Rs 6,700 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 10,000 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 11,000 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Singaravelu Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with the 2024 guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median guideline value for these streets is Rs 11,000 per sq.ft, which is the same as the current value for Singaravelu Street.

• Singaram Street: Rs 8,300 per sq.ft (2024)
• Sivagnanam St: Rs 8,300 per sq.ft (2024)
• Siddhi Vinayagar Koil Street: Rs 6,600 per sq.ft (2024)
• Sivaprakasam Street: Rs 8,300 per sq.ft (2024)
• Sivasailam Street: Rs 14,300 per sq.ft (2024)
• Shivaji Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Singaravelu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value would be Rs 1,10,00,000. The stamp duty, charged at 7%, would amount to Rs 7,70,000, while the registration fee at 2% would be Rs 2,20,000. Together, these fees total Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Singaravelu Street?

The Sub Registrar Office that covers Singaravelu Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Tnagar. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in a property transaction, it is essential to be aware of the current guideline value, as this will impact the overall cost of the transaction. Buyers and sellers should ensure that they are informed about the latest figures to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Singaravelu Street?

The current guideline value of Singaravelu Street is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 10,000 per sq.ft in 2012 to Rs 6,700 per sq.ft in 2017, then increased to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024.

What is the land classification for Singaravelu Street?

The land classification for Singaravelu Street is Residential Special Type - I.

What are the stamp duty and registration fees for property in Singaravelu Street?

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Where is the Sub Registrar Office for Singaravelu Street located?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.