Guideline Value for SIVAGAMI AMMAIAR COLONY 7TH 3RD CROSS STREET

Sivagami Ammaiar Colony 7th 3rd Cross Street guideline value

The current guideline value of Sivagami Ammaiar Colony 7th 3rd Cross Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Sivagami Ammaiar Colony 7th 3rd Cross Street has changed

In the 2012 revision, the guideline value was Rs 3,000 per sq.ft. This figure decreased to Rs 2,010 per sq.ft in the 2017 revision, reflecting a drop of 33%. The value then increased significantly to Rs 3,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 3,200 per sq.ft in the 2024 revision, marking a 7% rise from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. The change from the 2017 to 2023 revision saw a notable increase of 49%, indicating a significant rise in value over that period.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing the 2024 guideline value of Rs 3,200 per sq.ft for Sivagami Ammaiar Colony 7th 3rd Cross Street above this median.

• Sivagami Ammaiar Colony 7th 2nd Cross Lane: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 7th 4th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 7th 1st Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 8th 2nd Cross Lane: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 8th 3rd Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 8th 4th Cross Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Ammaiar Colony 7th 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,200 per sq.ft, the total guideline value would be Rs 32,00,000. The stamp duty at 7% would amount to Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total fees to Rs 2,88,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Sivagami Ammaiar Colony 7th 3rd Cross Street?

The Sub Registrar Office that covers Sivagami Ammaiar Colony 7th 3rd Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perambur, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration office will use it to calculate applicable fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. It is essential for buyers to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sivagami Ammaiar Colony 7th 3rd Cross Street?

The current guideline value of Sivagami Ammaiar Colony 7th 3rd Cross Street is Rs 3,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 3,000 per sq.ft in 2012, decreased to Rs 2,010 per sq.ft in 2017, and then increased to Rs 3,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 3,200 per sq.ft.

What is the land classification for this street?

Sivagami Ammaiar Colony 7th 3rd Cross Street is classified as Residential Class III Type - I. This classification indicates the type of development and usage permitted in the area.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sivagami Ammaiar Colony 7th 3rd Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 32,00,000 would incur a stamp duty of Rs 2,24,000 at the rate of 7%.