Guideline Value for SIVAGAMI AMMAIAR COLONY 8TH 4TH CROSS STREET

Sivagami Ammaiar Colony 8th 4th Cross Street guideline value

The current guideline value of Sivagami Ammaiar Colony 8th 4th Cross Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sivagami Ammaiar Colony 8th 4th Cross Street has changed

Since the last revision in 2023, the guideline value has increased from Rs 3,000 per sq.ft to Rs 3,200 per sq.ft in 2024, marking a change of +7%. Looking back further, the value rose significantly from Rs 2,010 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023, reflecting a total increase of +49% over that period. The register has no figure for the years 2002, 2003, and 2007 for this street.

In earlier revisions, the guideline value was Rs 3,000 per sq.ft in 2012, which was a decrease of -33% from Rs 2,010 per sq.ft in 2017. Overall, from 2012 to 2024, the guideline value has seen a slight increase of +7%.

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 figure for Sivagami Ammaiar Colony 8th 4th Cross Street above that median.

• Sivagami Ammaiar Colony 8th 3rd Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 9th 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 9th 2nd Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 7th 4th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 9th 3rd Cross Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Ammaiar Colony 8th 4th 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 be Rs 2,24,000, and the registration fee at 2% would be Rs 64,000, bringing the total fees together to Rs 2,88,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivagami Ammaiar Colony 8th 4th Cross Street?

The Sivagami Ammaiar Colony 8th 4th Cross Street is covered by the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When a buyer and seller agree on a sale price, the guideline value is compared to this price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the registration process is transparent and fair for all parties involved.

Frequently asked questions

What is the current guideline value for Sivagami Ammaiar Colony 8th 4th Cross Street?

The current guideline value for Sivagami Ammaiar Colony 8th 4th 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 changed from Rs 3,000 per sq.ft in 2023 to Rs 3,200 per sq.ft in 2024, an increase of +7%. It rose from Rs 2,010 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023, which is a +49% increase.

What is the land classification for this street?

The land classification for Sivagami Ammaiar Colony 8th 4th Cross Street is Residential Class III Type - I.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot, the total guideline value is Rs 32,00,000. The stamp duty at 7% is Rs 2,24,000, and the registration fee at 2% is Rs 64,000, totaling Rs 2,88,000.

Which Sub Registrar Office covers this street?

The Purasaivakkam Sub Registrar Office covers Sivagami Ammaiar Colony 8th 4th Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.