Guideline Value for SIVAGAMI AMMAIYAR COLONY 8TH STREET

Sivagami Ammaiyar Colony 8th Street guideline value

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

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

The guideline value for Sivagami Ammaiyar Colony 8th 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. The value then rose significantly to Rs 3,000 per sq.ft in 2012, followed by a decrease to Rs 2,010 per sq.ft in 2017. The 2023 revision brought it back up to Rs 3,000 per sq.ft, and the most recent 2024 revision set it at Rs 3,200 per sq.ft. Notably, there is no figure available for the year 2002 in the register for this street.

Looking at the changes between revisions, from 2003 to 2007, the guideline value increased by 15%. However, from 2007 to 2012, it saw a significant rise of 445%. The value then dropped by 33% from 2012 to 2017. Following this, the guideline value surged by 49% from 2017 to 2023, and finally, there was a 7% increase from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 571%.

Guideline values in Perambur

In Perambur, there are a total of 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 Street is above this median.

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

Stamp duty and registration fee for property in Sivagami Ammaiyar Colony 8th Street

For a plot of 1,000 sq.ft 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, resulting in a total of Rs 2,88,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

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

The Sivagami Ammaiyar Colony 8th 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 more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Sivagami Ammaiyar Colony 8th 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, with notable changes in between.

What is the land classification for Sivagami Ammaiyar Colony 8th Street?

The land classification for Sivagami Ammaiyar Colony 8th Street is Residential Class III Type - I.

Where is the Purasaivakkam Sub Registrar Office located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Sivagami Ammaiyar Colony 8th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% on the guideline value.