Guideline Value for SIVA GARDEN

Siva Garden guideline value

The current guideline value of Siva Garden, located in Kolathur village under the Sriperumpudur SRO, is Rs 250 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Siva Garden has changed

Looking back at the revisions, the guideline value for Siva Garden has remained consistent at Rs 250 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street. This stability indicates that the value has not fluctuated over these years.

For the 2024 revision, the guideline value is set at Rs 250 per sq.ft, which is equal to the median value of Rs 250 per sq.ft for the 45 streets in Kolathur that carry a 2024 figure. The change from the 2023 revision to the 2024 revision shows an increase of 0%, indicating no change in the guideline value during this period.

Guideline values in Kolathur

In Kolathur, the guideline values for the 2024 revision range from Rs 100 to Rs 1,300 per sq.ft, with the median being Rs 250 per sq.ft. Siva Garden's guideline value aligns with this median, reflecting its position in the local market.

• Sivam Nagar: Rs 200 per sq.ft (2024)
• S.M. Nagar: Rs 300 per sq.ft (2024)
• Sri City: Rs 300 per sq.ft (2024)
• Seenivasa Nagar: Rs 250 per sq.ft (2024)
• Seelam Nagar: Rs 200 per sq.ft (2024)
• Sathyam Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Siva Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty, charged at 7%, would be Rs 17,500, while the registration fee at 2% would be Rs 5,000. Together, these fees total Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siva Garden?

The Sub Registrar Office that covers Siva Garden is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the minimum value of a property that can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, impacting the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of Siva Garden?

The current guideline value of Siva Garden is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Siva Garden has remained constant at Rs 250 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 in the register for this street.

What is the land classification of Siva Garden?

Siva Garden falls under the Residential Class I Type - I land classification, which indicates its intended use for residential purposes.

What are the registration fees for property in Siva Garden?

The registration fees for a property in Siva Garden include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Siva Garden located?

The Sub Registrar Office for Siva Garden is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.