Guideline Value for SIVA SAKTHI NAGAR

Siva Sakthi Nagar guideline value

The current guideline value of Siva Sakthi Nagar is Rs 603 per sq.ft, effective from 1 July 2024. This area is located in Vedapalayam village under the Uthiramerur SRO, classified as Residential Class III Type - V.

How the guideline value of Siva Sakthi Nagar has changed

In the 2017 revision, the guideline value was set at Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, where it was still Rs 603 per sq.ft. The 2024 revision also maintained the guideline value at Rs 603 per sq.ft, indicating no percentage change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value. The change from 2017 to 2023 was also 50%, while the transition from 2023 to 2024 showed no change at all.

Guideline values in Vedapalayam

In Vedapalayam, there are 29 streets under the Uthiramerur SRO with a 2024 guideline value ranging from Rs 200 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, placing Siva Sakthi Nagar's 2024 value above this median.

• Sri Kamatchi Yogam Enclave: Rs 400 per sq.ft (2024)
• Sanjeevi Nagar: Rs 900 per sq.ft (2024)
• S V Nagar Extension: Rs 600 per sq.ft (2024)
• Prabhu Avenu: Rs 400 per sq.ft (2024)
• Vazhai Thottampen Street: Rs 600 per sq.ft (2024)
• Vedapalayam Arunachanaickar Street: Rs 300 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 rate of Rs 603 per sq.ft, the guideline value amounts to Rs 6,03,000. The stamp duty at 7% would be Rs 42,210, and the registration fee at 2% would be Rs 12,060, totaling Rs 54,270. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Siva Sakthi Nagar?

The Siva Sakthi Nagar area is covered by the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vedapalayam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is documented at a fair value as per the local regulations. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Siva Sakthi Nagar?

The current guideline value of Siva Sakthi Nagar is Rs 603 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

From the 2017 revision to the 2024 revision, the guideline value increased by 50%, from Rs 402 per sq.ft in 2017 to Rs 603 per sq.ft in 2024. There was no change from 2023 to 2024.

What is the median guideline value for streets in Vedapalayam?

The median guideline value for the 29 streets in Vedapalayam under the Uthiramerur SRO is Rs 400 per sq.ft. Siva Sakthi Nagar's 2024 figure is above this median.

What are the stamp duty rates in Siva Sakthi Nagar?

The stamp duty rate for property transactions in Siva Sakthi Nagar is 7%. This is calculated based on the guideline value or the sale price, whichever is higher.

Where is the Uthiramerur Sub Registrar Office located?

The Uthiramerur Sub Registrar Office is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.