Guideline Value for SIVA SAKTHI AVENUE

Siva Sakthi Avenue guideline value

The current guideline value of Siva Sakthi Avenue is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Ruthrakodi village and falls under the Thirukazhukundram SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Siva Sakthi Avenue has changed

In the 2023 revision, the guideline value for Siva Sakthi Avenue was Rs 600 per sq.ft. The 2024 revision also maintains the same guideline value of Rs 600 per sq.ft, indicating no change between these two revisions. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

Thus, from the available revisions, it can be noted that the guideline value has remained consistent at Rs 600 per sq.ft from 2023 to 2024, with no figures recorded for earlier years.

Guideline values in Ruthrakodi

In addition to Siva Sakthi Avenue, there are other streets in Ruthrakodi with established guideline values. Below is a list of these streets:

• G.M.Garden: Rs 1,250 per sq.ft (2024)

Stamp duty and registration fee for property in Siva Sakthi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, leading to a total of Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Siva Sakthi Avenue?

The Sub Registrar Office that covers Siva Sakthi Avenue is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Ruthrakodi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Siva Sakthi Avenue?

The current guideline value of Siva Sakthi Avenue is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained constant at Rs 600 per sq.ft from 2023 to 2024, with no figures available for revisions in 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Siva Sakthi Avenue?

The land classification for Siva Sakthi Avenue is Residential Class I Type - I.

Where is the Sub Registrar Office located for Siva Sakthi Avenue?

The Thirukazhukundram Sub Registrar Office is located at Thiruchengode - 637 211, Chengalpattu registration zone.

How are stamp duty and registration fees calculated for Siva Sakthi Avenue?

For a 1,000 sq.ft plot, the guideline value is Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000.