Guideline Value for SIVAGAMI AMMAIYAR COLONY 3RD CROSS STREET

Sivagami Ammaiyar Colony 3rd Cross Street guideline value

The current guideline value of Sivagami Ammaiyar Colony 3rd 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 Ammaiyar Colony 3rd Cross Street has changed

Over the years, the guideline value of Sivagami Ammaiyar Colony 3rd Cross Street has seen several revisions. The 2007 revision set the value at Rs 550 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in the 2012 revision. This was a remarkable change of 445%. The value remained unchanged at Rs 3,000 per sq.ft during the 2023 revision, but it increased to Rs 3,200 per sq.ft in the 2024 revision, reflecting a 7% rise.

There are no figures available for the years 2002, 2003, and 2017 in the register for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 482%.

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 value for these streets is Rs 2,700 per sq.ft, making the guideline value of Rs 3,200 per sq.ft for this street higher than the median.

• Sivagami Ammaiyar Colony 2nd Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 3rd Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 2nd Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 4th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 1st Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 4th Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Ammaiyar Colony 3rd 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 would be Rs 32,00,000. The stamp duty at 7% would amount to 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 or the sale price.

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

Which Sub Registrar Office covers Sivagami Ammaiyar Colony 3rd Cross Street?

The Sub Registrar Office that covers Sivagami Ammaiyar Colony 3rd Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to ensure they are paying a fair price and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sivagami Ammaiyar Colony 3rd Cross Street?

The current guideline value of Sivagami Ammaiyar Colony 3rd 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 significantly from Rs 550 per sq.ft in 2007 to Rs 3,200 per sq.ft in 2024, marking an overall increase of 482% over the years.

What is the land classification for this street?

Sivagami Ammaiyar Colony 3rd Cross Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for this street?

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 this area?

The Purasaivakkam Sub Registrar Office handles registrations for Sivagami Ammaiyar Colony 3rd Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.