Guideline Value for SIVAGAMI AMMAIYAR COLONY 8TH CROSS STREET

Sivagami Ammaiyar Colony 8th Cross Street guideline value

The current guideline value of Sivagami Ammaiyar Colony 8th Cross Street is Rs 3,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam Sub Registrar Office (SRO). The land classification for this area is Residential Class III Type - I.

How the guideline value of Sivagami Ammaiyar Colony 8th Cross Street has changed

The guideline value for Sivagami Ammaiyar Colony 8th Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a 355% rise. However, there was a decrease to Rs 2,010 per sq.ft in 2017, which represented a 20% drop. The value then surged to Rs 3,000 per sq.ft in 2023, reflecting a 49% increase, and is now set at Rs 3,200 per sq.ft in the 2024 revision, which is a 7% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, 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, with a median value of Rs 2,700 per sq.ft. The guideline value for Sivagami Ammaiyar Colony 8th Cross Street is above this median.

• Sivagami Ammaiyar Colony 8th 1st Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 8th Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 7th Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 9th Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 7th Cross Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony All Streets: Rs 3,200 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Ammaiyar Colony 8th 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 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, leading to a total of 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sivagami Ammaiyar Colony 8th Cross Street?

The Sub Registrar Office that covers Sivagami Ammaiyar Colony 8th Cross Street is 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 crucial factor in the registration process when buying or selling property in Perambur. It serves as a reference point for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Sivagami Ammaiyar Colony 8th Cross Street?

The current guideline value of Sivagami Ammaiyar Colony 8th 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, increasing from Rs 550 per sq.ft in 2007 to Rs 3,200 per sq.ft in 2024, which is an overall increase of 482%.

What are the other streets in Perambur with the same guideline value?

Several other streets in Perambur share the same guideline value of Rs 3,200 per sq.ft, including Sivagami Ammaiyar Colony 8th 1st Cross Street, Sivagami Ammaiyar Colony 8th Street, and others.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sivagami Ammaiyar Colony 8th Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 32,00,000, the stamp duty at 7% would be Rs 2,24,000.