Guideline Value for SIRANJEEVI NAGAR

Siranjeevi Nagar guideline value

The current guideline value of Siranjeevi Nagar is Rs 800 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Class II Type - I.

How the guideline value of Siranjeevi Nagar has changed

The guideline value for Siranjeevi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then decreased to Rs 502 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in both the 2023 and 2024 revisions, reflecting a 59% rise from 2017 to 2023. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Overall, comparing the 2012 and 2024 revisions, the guideline value has seen a modest increase of 7%. The consistent value of Rs 800 per sq.ft in the last two revisions indicates stability in recent years.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. Siranjeevi Nagar's 2024 figure is below this median, indicating a relatively lower valuation compared to other streets in the village.

• Sindhu Nagar Extn: Rs 1,310 per sq.ft (2024)
• Sivaji St: Rs 935 per sq.ft (2024)
• Spring Field: Rs 2,200 per sq.ft (2024)
• Senthilsamy St: Rs 935 per sq.ft (2024)
• Senthamil Nagar Udayasuriyan St: Rs 810 per sq.ft (2024)
• Senthamil Nagar Kannadasan St: Rs 810 per sq.ft (2024)

Stamp duty and registration fee for property in Siranjeevi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siranjeevi Nagar?

The Sub Registrar Office that covers Siranjeevi Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the property registration process in Vilingiyambakkam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is legally compliant and accurately recorded.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of the transaction, including the costs associated with registration. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Siranjeevi Nagar?

The current guideline value of Siranjeevi Nagar is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has changed from Rs 750 per sq.ft to Rs 800 per sq.ft in 2023 and 2024, with a significant drop to Rs 502 per sq.ft in 2017. This reflects a 7% increase overall from 2012 to 2024.

Which Sub Registrar Office covers Siranjeevi Nagar?

The Avadi Sub Registrar Office covers Siranjeevi Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

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

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000 and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

How does the guideline value affect property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the transaction is compliant with legal requirements and helps buyers and sellers understand the financial implications of their property dealings.