Guideline Value for SIVA SHANMUGA PILLAI STREET

Siva Shanmuga Pillai Street guideline value

The current guideline value of Siva Shanmuga Pillai Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Thiruvancheri village under the Pallavaram SRO, classified as Residential Class I Type - I.

How the guideline value of Siva Shanmuga Pillai Street has changed

The guideline value for Siva Shanmuga Pillai Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the value increased to Rs 1,500 per sq.ft in 2023, and further rose to Rs 1,980 per sq.ft in 2024, marking a 32% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. It is noteworthy that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thiruvancheri

In Thiruvancheri, there are 70 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 5,000 per sq.ft. The median value is Rs 1,980 per sq.ft, which is the same as the current value for Siva Shanmuga Pillai Street.

• Serenity Paradise: Rs 3,850 per sq.ft (2024)
• Serasa Pride Phase - III: Rs 3,850 per sq.ft (2024)
• Serasa Pride Phase - 2: Rs 3,850 per sq.ft (2024)
• Selvavinayagar Kovil Street: Rs 1,980 per sq.ft (2024)
• Sri Jaganath Avenue: Rs 3,850 per sq.ft (2024)
• Sathiyamoorthy Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Siva Shanmuga Pillai Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. Please note that the 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 detailed calculations.

Which Sub Registrar Office covers Siva Shanmuga Pillai Street?

The Sub Registrar Office that covers Siva Shanmuga Pillai Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps in assessing the fair value of the property, which is essential for both buyers and sellers. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Siva Shanmuga Pillai Street?

The current guideline value of Siva Shanmuga Pillai Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Siva Shanmuga Pillai Street?

Siva Shanmuga Pillai Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for Siva Shanmuga Pillai Street?

The Sub Registrar Office for Siva Shanmuga Pillai Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Thiruvancheri?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at a rate of 7%.