Guideline Value for SIVAGAMI AMMAIYAR COLONY 3RD STREET

Sivagami Ammaiyar Colony 3rd Street guideline value

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

The guideline value for Sivagami Ammaiyar Colony 3rd Street has undergone 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. The value saw a significant jump to Rs 3,000 per sq.ft in both 2012 and 2023. The current value of Rs 3,200 per sq.ft reflects a 7% increase from the previous revision in 2023.

There are no figures available for the years 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, with a median value of Rs 2,700 per sq.ft. The guideline value for Sivagami Ammaiyar Colony 3rd Street is above this median.

• Sivagami Ammaiyar Colony 3rd 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 2nd Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 4th Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 2nd Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 5th Cross Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Ammaiyar Colony 3rd 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, making the total fees 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 information on fees, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Sivagami Ammaiyar Colony 3rd 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 a crucial 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 applicable stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of Sivagami Ammaiyar Colony 3rd 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 seen significant changes, increasing from Rs 477 per sq.ft in 2003 to Rs 3,200 per sq.ft in 2024, reflecting an overall increase of 571%.

What are the stamp duty and registration fees for property here?

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 Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for this street?

The land classification for Sivagami Ammaiyar Colony 3rd Street is Residential Class III Type - I, indicating its designation for residential use.