Guideline Value for SIVAGAMI AMMAIYAR COLONY 6TH CROSS STREET

Sivagami Ammaiyar Colony 6th Cross Street guideline value

The current guideline value of Sivagami Ammaiyar Colony 6th 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 it falls under the Residential Class III Type - I land classification.

How the guideline value of Sivagami Ammaiyar Colony 6th Cross Street has changed

The guideline value for Sivagami Ammaiyar Colony 6th Cross Street has seen significant changes over the years. The 2007 revision recorded a value of Rs 550 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision, marking a substantial increase of 445%. The most recent revision in 2024 has raised this figure to Rs 3,200 per sq.ft, reflecting a 7% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, 2012, and 2017 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 1114 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 of Rs 3,200 per sq.ft for Sivagami Ammaiyar Colony 6th Cross Street is above this median.

• Sivagami Ammaiyar Colony 5th Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 6th Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 5th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 7th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 4th Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 7th Street: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Ammaiyar Colony 6th 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 fees to Rs 2,88,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivagami Ammaiyar Colony 6th Cross Street?

The Sivagami Ammaiyar Colony 6th Cross 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 essential for property transactions in Perambur, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the transfer of ownership. It is crucial for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sivagami Ammaiyar Colony 6th Cross Street?

The current guideline value of Sivagami Ammaiyar Colony 6th Cross Street is Rs 3,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased 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 are the stamp duty and registration fees for properties 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 property registrations for this street?

The Purasaivakkam Sub Registrar Office handles property registrations for Sivagami Ammaiyar Colony 6th Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

Are there other streets with the same guideline value in Perambur?

Yes, several other streets in Perambur have the same guideline value of Rs 3,200 per sq.ft in 2024, including Sivagami Ammaiyar Colony 5th Street, 6th Street, 5th Cross Street, 7th Cross Street, 4th Street, and 7th Street.