Guideline Value for SIVA SAKTHI NAGAR

Siva Sakthi Nagar guideline value

The current guideline value of Siva Sakthi Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Pavoonchoor village under the Cheyyur Sub Registrar Office (SRO) and is classified as Residential Special Type - I.

How the guideline value of Siva Sakthi Nagar has changed

From the available revisions, the guideline value for Siva Sakthi Nagar has remained constant at Rs 200 per sq.ft for both the 2023 and 2024 revisions. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017.

In summary, the guideline value has not changed between the 2023 and 2024 revisions, reflecting a stable valuation of Rs 200 per sq.ft for this period.

Guideline values in Pavoonchoor

Within Pavoonchoor, there are four streets that carry a 2024 guideline value, ranging from Rs 200 to Rs 250 per sq.ft, with the median value being Rs 200 per sq.ft. Siva Sakthi Nagar's 2024 figure aligns with this median.

• Sri Venkata Nagar: Rs 200 per sq.ft (2024)
• Pandurangapuram Phase-II: Rs 200 per sq.ft (2024)
• Garden City: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Siva Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, leading to a total of Rs 18,000. 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 more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Siva Sakthi Nagar?

The Sub Registrar Office that covers Siva Sakthi Nagar is the Cheyyur Sub Registrar Office, located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Pavoonchoor, the guideline value is a crucial factor in determining the applicable stamp duty and registration fees. This value is set by the government and is used to ensure that the taxes are calculated fairly based on the property’s assessed worth.

During the registration process, the guideline value serves as a benchmark for the transaction, ensuring that the amount paid in taxes reflects the official valuation of the property. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration of property transactions.

Frequently asked questions

What is the current guideline value of Siva Sakthi Nagar?

The current guideline value of Siva Sakthi Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft for the years 2023 and 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Siva Sakthi Nagar?

Siva Sakthi Nagar is classified as Residential Special Type - I, indicating its designation for residential use within the area.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000. These fees are based on the guideline value or the sale price, whichever is higher.

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

The Cheyyur Sub Registrar Office is located at 3/156, Salt Road, Cheyyur- 603 302, Chengalpattu registration zone. This office handles all registrations for properties in Siva Sakthi Nagar.