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Guideline Value

Corporate

Guideline Value for SIVA SAKTHI NAGAR / EXTN

₹1100/sq.ft.

The guideline value for Siva Sakthi Nagar / Extn in Matthur village (Thiruvottiyur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Matthur

Village

Thiruvottiyur

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹72 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹61 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Siva Sakthi Nagar / Extn

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Siva Sakthi Nagar / Extn guideline value

The current guideline value for Siva Sakthi Nagar / Extn, located in Matthur village under the Thiruvottiyur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Siva Sakthi Nagar / Extn has changed

The guideline value for Siva Sakthi Nagar / Extn has undergone several revisions over the years. Starting from Rs 61 per sq.ft in 2002, it increased to Rs 72 per sq.ft in 2003. The value saw a significant rise to Rs 100 per sq.ft in 2007, followed by a substantial jump to Rs 1,000 per sq.ft in 2012. However, it decreased to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023 and is currently set at Rs 1,100 per sq.ft as of the 2024 revision.

In terms of percentage changes, the guideline value increased by 18% from 2002 to 2003, followed by a 39% rise from 2003 to 2007. The 2007 to 2012 period saw a decrease of 33%, while the value surged by 900% from 2012 to 2017. From 2017 to 2023, there was an increase of 49%, and the recent revision from 2023 to 2024 reflects a 10% rise. Overall, the guideline value has increased by 1,703% from 2002 to 2024.

Guideline values in Matthur

In Matthur village, there are 66 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft, with the median being Rs 1,100 per sq.ft. Siva Sakthi Nagar / Extn's 2024 figure is equal to this median.

Stamp duty and registration fee for property in Siva Sakthi Nagar / Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that 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 Siva Sakthi Nagar / Extn?

The Siva Sakthi Nagar / Extn area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Matthur. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value for Siva Sakthi Nagar / Extn?

The current guideline value for Siva Sakthi Nagar / Extn is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 61 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 1,703% over this period.

What is the land classification for Siva Sakthi Nagar / Extn?

Siva Sakthi Nagar / Extn is classified as Residential Special Type - III.

Where can I find the Sub Registrar Office for Siva Sakthi Nagar / Extn?

The Thiruvottiyur Sub Registrar Office covers Siva Sakthi Nagar / Extn and is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is stamp duty calculated for properties in Siva Sakthi Nagar / Extn?

Stamp duty for properties in Siva Sakthi Nagar / Extn is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total stamp duty and registration fee of Rs 99,000.