Guideline Value for SIP IKON

Sip Ikon guideline value

The current guideline value of Sip Ikon in Thaiyur - B village is Rs 3,000 per sq.ft, as per the 2023 revision. This area falls under the jurisdiction of the Thiruporur SRO and is classified as Mixed Type - II land.

How the guideline value of Sip Ikon has changed

The guideline value for Sip Ikon has been Rs 3,000 per sq.ft since the 2023 revision. Prior to this, there are no figures available for the revisions in 2024, 2017, 2012, 2007, 2003, and 2002, indicating that the register has no figure for this street in those years.

As there have been no changes between the revisions listed, the guideline value has remained consistent at Rs 3,000 per sq.ft since 2023.

Guideline values in Thaiyur - B

Currently, there are no specific village figures available for Thaiyur - B. Sip Ikon is the only street mentioned under this classification.

Stamp duty and registration fee for property in Sip Ikon

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value is Rs 30,00,000. The stamp duty at 7% would be Rs 2,10,000, and the registration fee at 2% would be Rs 60,000, bringing the total to Rs 2,70,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sip Ikon?

The Sub Registrar Office that covers Sip Ikon is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thaiyur - B

When buying or selling property in Sip Ikon, the guideline value plays a crucial role in determining the stamp duty and registration fees. The fees are calculated based on the higher amount between the guideline value and the actual sale price of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it directly influences the cost of transactions. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Sip Ikon?

The current guideline value of Sip Ikon is Rs 3,000 per sq.ft, as per the 2023 revision.

What is the land classification of Sip Ikon?

Sip Ikon is classified as Mixed Type - II land according to the guidelines.

Have there been any changes in the guideline value over the years?

There have been no changes in the guideline value for Sip Ikon between the revisions. The value has remained at Rs 3,000 per sq.ft since the 2023 revision.

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Sip Ikon?

Stamp duty for properties in Sip Ikon is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 30,00,000, the stamp duty would be Rs 2,10,000 at 7%.