Guideline Value for SIRUVAPURI SINGARAVELAN NAGAR

Siruvapuri Singaravelan Nagar guideline value

The current guideline value of Siruvapuri Singaravelan Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Chinnambedu 2 village under the Arani_Tiruvallur SRO, classified as Residential Class III Type - I.

How the guideline value of Siruvapuri Singaravelan Nagar has changed

The guideline value for Siruvapuri Singaravelan Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft. This was followed by the 2023 revision, which maintained the value at Rs 300 per sq.ft. The current 2024 revision also keeps the value at Rs 300 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, as the value has not changed between the 2023 and 2024 revisions.

Guideline values in Chinnambedu 2

No specific village figures are provided for Chinnambedu 2. Currently, Siruvapuri Singaravelan Nagar is the only street mentioned under the Arani_Tiruvallur SRO.

Stamp duty and registration fee for property in Siruvapuri Singaravelan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that 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 further assistance.

Which Sub Registrar Office covers Siruvapuri Singaravelan Nagar?

The Sub Registrar Office that covers Siruvapuri Singaravelan Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Chinnambedu 2

The guideline value is a crucial factor during the registration process of buying or selling property in Chinnambedu 2. It determines the basis for calculating stamp duty and registration fees, which are essential costs associated with the transaction.

When a property is sold, the guideline value serves as a reference point to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Siruvapuri Singaravelan Nagar?

The current guideline value of Siruvapuri Singaravelan Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in both 2023 and 2024, marking a 49% increase from 2017 to 2024.

What is the land classification for Siruvapuri Singaravelan Nagar?

Siruvapuri Singaravelan Nagar is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000, and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Siruvapuri Singaravelan Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, ponneri(tk), thiruvallur(dt) - 601 101.