Guideline Value for SIVAGAMI AMMAIYAR COLONY 11TH STREET

Sivagami Ammaiyar Colony 11th Street guideline value

The current guideline value for Sivagami Ammaiyar Colony 11th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification is Residential Class III Type - II.

How the guideline value of Sivagami Ammaiyar Colony 11th Street has changed

The guideline value for Sivagami Ammaiyar Colony 11th Street has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 477 per sq.ft. This increased to Rs 550 per sq.ft in 2007, marking a change of +15%. By 2012, the guideline value rose significantly to Rs 2,500 per sq.ft, reflecting an increase of +355%. The value remained unchanged at Rs 2,500 per sq.ft until 2023.

In 2023, the guideline value was revised to Rs 2,500 per sq.ft, and then further increased to Rs 2,700 per sq.ft in 2024, resulting in a change of +8%. Overall, from 2003 to 2024, the guideline value has increased by +466%. The register has no figures for the years 2002 and 2017 for this street.

Guideline values in Perambur

In Perambur, the guideline values vary widely, with figures for 1114 streets under the Purasaivakkam SRO ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current value of Sivagami Ammaiyar Colony 11th Street.

• Sivagami Ammaiyar Colony 10th 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 7th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 1st Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiar Colony 9th 6th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 2nd Cross Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Ammaiyar Colony 11th Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivagami Ammaiyar Colony 11th Street?

The Sivagami Ammaiyar Colony 11th 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 further assistance.

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

The guideline value is a critical factor during the registration process when buying or selling property in Perambur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a standard value recognized by the authorities.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sivagami Ammaiyar Colony 11th Street?

The current guideline value of Sivagami Ammaiyar Colony 11th Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 477 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, marking an overall increase of +466% over the years.

What are the stamp duty and registration fees for a plot in Sivagami Ammaiyar Colony 11th Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,43,000, which includes Rs 1,89,000 for stamp duty and Rs 54,000 for registration fees.

Which Sub Registrar Office covers this area?

The Purasaivakkam Sub Registrar Office covers Sivagami Ammaiyar Colony 11th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Sivagami Ammaiyar Colony 11th Street?

The land classification for Sivagami Ammaiyar Colony 11th Street is Residential Class III Type - II.