Guideline Value for SIVAGAMI AMMAIAR COLONY 9TH 6TH CROSS STREET

Sivagami Ammaiar Colony 9th 6th Cross Street guideline value

The current guideline value for Sivagami Ammaiar Colony 9th 6th 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. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sivagami Ammaiar Colony 9th 6th Cross Street has changed

The guideline value for Sivagami Ammaiar Colony 9th 6th Cross 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. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and then to Rs 3,200 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 7%. The register for the years 2002, 2003, and 2007 does not contain figures for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Sivagami Ammaiar Colony 9th 6th Cross Street is above this median.

• Sivagami Ammaiar Colony 9th 5th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 9th 7th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 9th 4th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 10th Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 9th 3rd Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 11th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Ammaiar Colony 9th 6th 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 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivagami Ammaiar Colony 9th 6th Cross Street?

The Sivagami Ammaiar Colony 9th 6th Cross Street falls under the jurisdiction of 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 critical factor when registering property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When you buy or sell property, the guideline value helps establish a fair transaction value, which is crucial for both parties involved. It is essential to verify the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sivagami Ammaiar Colony 9th 6th Cross Street?

The current guideline value of Sivagami Ammaiar Colony 9th 6th 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, reflecting a 7% increase. From 2017 to 2023, it increased by 49%, while it decreased from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017.

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

For a property valued at Rs 32,00,000, the stamp duty is Rs 2,24,000 at 7%, and the registration fee is Rs 64,000 at 2%, totaling Rs 2,88,000. Duty is charged on the higher of the guideline value and the sale price.

Which office handles registrations for this street?

The Purasaivakkam Sub Registrar Office handles registrations for Sivagami Ammaiar Colony 9th 6th Cross Street. The office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for this street?

The land classification for Sivagami Ammaiar Colony 9th 6th Cross Street is Residential Class III Type - I. This classification is important for understanding the zoning regulations and permissible uses of the property.