Guideline Value for SIVAGAMI AMMAIYAR COLONY 10TH STREET

Sivagami Ammaiyar Colony 10th Street guideline value

The current guideline value of Sivagami Ammaiyar Colony 10th 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 Ammaiyar Colony 10th Street has changed

The guideline value for Sivagami Ammaiyar Colony 10th Street has seen several revisions over the years. In 2003, the guideline value was Rs 477 per sq.ft, which increased to Rs 550 per sq.ft in 2007, marking a change of +15%. The value then experienced a substantial rise to Rs 3,000 per sq.ft in 2012, reflecting a significant increase of +445%. The value remained unchanged at Rs 3,000 per sq.ft until 2023, when it was revised to Rs 3,200 per sq.ft, a change of +7%.

It is important to note that there are no figures available for the revisions in 2002 and 2017 for this street. Overall, from 2003 to 2024, the guideline value has increased by +571%.

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. The median guideline value is Rs 2,700 per sq.ft, placing the 2024 figure for Sivagami Ammaiyar Colony 10th Street above this median.

• Sivagami Ammaiar Colony 9th 7th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 11th Street: Rs 2,700 per sq.ft (2024)
• Sivagami Ammaiar Colony 9th 6th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 1st Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 9th 5th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 1st Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Ammaiyar Colony 10th 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 fees to Rs 2,88,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sivagami Ammaiyar Colony 10th Street?

The Sub Registrar Office that covers Sivagami Ammaiyar Colony 10th Street is 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 is an essential factor in property transactions in Perambur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved.

It is crucial for buyers and sellers to be aware of the current guideline value, as it can significantly impact the overall cost of the transaction. Ensuring that the property is registered at the correct guideline value helps maintain transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Sivagami Ammaiyar Colony 10th Street?

The current guideline value of Sivagami Ammaiyar Colony 10th 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 increased from Rs 477 per sq.ft in 2003 to Rs 3,200 per sq.ft in 2024, marking an overall change of +571% over the years.

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 would be Rs 2,24,000 and the registration fee would be Rs 64,000, totaling Rs 2,88,000.

Which Sub Registrar Office is responsible for this street?

The Purasaivakkam Sub Registrar Office is responsible for Sivagami Ammaiyar Colony 10th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the minimum registration value of a property, which affects the calculation of stamp duty and registration fees during property transactions.