Guideline Value for SINIVASA NAGAR

Sinivasa Nagar guideline value

The current guideline value of Sinivasa Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This area is located in Ikkadu village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - I.

How the guideline value of Sinivasa Nagar has changed

According to the guideline value register, there are no figures available for Sinivasa Nagar for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 500 per sq.ft, which remains unchanged in the 2024 revision.

From the 2023 to the 2024 revision, the guideline value changed by +0%, maintaining the figure at Rs 500 per sq.ft. This consistency indicates stability in the valuation for this street over the last two years.

Guideline values in Ikkadu

In Ikkadu village, there are 51 streets under the Tiruvallur Joint 1 SRO that have a 2024 guideline value ranging from Rs 100 to Rs 1,400 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Sinivasa Nagar's 2024 figure above this median.

• Sosiety Nagar: Rs 300 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 400 per sq.ft (2024)
• Sri Ganapathi Nagar Extension: Rs 335 per sq.ft (2024)
• Srinivasa Nagar Annex: Rs 402 per sq.ft (2024)
• Sri Sai Nagar: Rs 500 per sq.ft (2024)
• Sri Venkateswara Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sinivasa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty, calculated at 7%, would amount to Rs 35,000, while the registration fee at 2% would be Rs 10,000. Together, the total cost for these fees would be Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sinivasa Nagar?

Sinivasa Nagar 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 Ikkadu

The guideline value plays a crucial role in the registration process when buying or selling property in Ikkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sinivasa Nagar?

The current guideline value of Sinivasa Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sinivasa Nagar has been Rs 500 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Ikkadu?

The median guideline value for the 51 streets in Ikkadu under the Tiruvallur Joint 1 SRO is Rs 400 per sq.ft. Sinivasa Nagar's 2024 guideline value is above this median.

What are the stamp duty and registration fees for property in Sinivasa Nagar?

For a 1,000 sq.ft plot at the guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Which office handles property registration for Sinivasa Nagar?

The Tiruvallur Joint 1 Sub Registrar Office handles property registration for Sinivasa Nagar, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.