Guideline Value for SIVAGAMI AMMAIAR COLONY 9TH 1ST CROSS STREET

Sivagami Ammaiar Colony 9th 1st Cross Street guideline value

The current guideline value for Sivagami Ammaiar Colony 9th 1st 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 9th 1st Cross Street has changed

The guideline value for this street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. However, the value saw a significant increase in the following years, reaching Rs 3,000 per sq.ft in 2023 and finally rising to Rs 3,200 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 7% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

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 in this area is Rs 2,700 per sq.ft, placing the 2024 guideline value of Rs 3,200 per sq.ft for Sivagami Ammaiar Colony 9th 1st Cross Street above the median.

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

Stamp duty and registration fee for property in Sivagami Ammaiar Colony 9th 1st 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 amounts to 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 cost for these fees to Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Sivagami Ammaiar Colony 9th 1st Cross Street?

The Sivagami Ammaiar Colony 9th 1st Cross Street falls under the jurisdiction of the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more details, you can find your SRO.

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. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the overall transaction cost. Buyers should be aware of these values to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Sivagami Ammaiar Colony 9th 1st Cross Street?

The current guideline value for Sivagami Ammaiar Colony 9th 1st 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, marking a 7% increase. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the land classification for this street?

Sivagami Ammaiar Colony 9th 1st Cross Street is classified as Residential Class III Type - I.

Where can I find the registration office for this area?

The registration office covering this area is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 32,00,000, leading to a total fee of Rs 2,88,000.