Guideline Value for SIVAGAMI AMMAIYAR COLONY 1ST STREET

Sivagami Ammaiyar Colony 1st Street guideline value

The current guideline value of Sivagami Ammaiyar Colony 1st Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - I.

How the guideline value of Sivagami Ammaiyar Colony 1st Street has changed

The guideline value for Sivagami Ammaiyar Colony 1st 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 saw a significant rise to Rs 3,000 per sq.ft in both 2012 and 2023, with no change during that period. The latest revision in 2024 raised the guideline value to Rs 3,200 per sq.ft, reflecting an increase of +7% from the previous year.

Notably, there are no figures available for the years 2002 and 2017 in the register 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, with 2024 guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, placing the guideline value of Sivagami Ammaiyar Colony 1st Street above this median.

• Sivagami Ammaiyar Colony 1st Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 2nd Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 11th Street: Rs 2,700 per sq.ft (2024)
• Sivagami Ammaiyar Colony 2nd Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 10th Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 3rd Cross Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Ammaiyar Colony 1st 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sivagami Ammaiyar Colony 1st Street?

The Sub Registrar Office that covers Sivagami Ammaiyar Colony 1st 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 plays a crucial role during property transactions in Perambur. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it may influence negotiations and the final sale price. Buyers should also consider that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sivagami Ammaiyar Colony 1st Street?

The current guideline value of Sivagami Ammaiyar Colony 1st 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 undergone several revisions, increasing from Rs 477 per sq.ft in 2003 to Rs 3,200 per sq.ft in 2024, marking an overall increase of +571% over the years.

What is the median guideline value in Perambur?

The median guideline value for streets in Perambur under the Purasaivakkam SRO is Rs 2,700 per sq.ft, with Sivagami Ammaiyar Colony 1st Street's value being above this median.

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 office handles registrations for Sivagami Ammaiyar Colony 1st Street?

The Purasaivakkam Sub Registrar Office handles registrations for Sivagami Ammaiyar Colony 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai-600 012.