Guideline Value for SIVAGAMI AMMAIYAR COLONY 9TH STREET

Sivagami Ammaiyar Colony 9th Street guideline value

The current guideline value of Sivagami Ammaiyar Colony 9th 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 falls under the Residential Class III Type - I land classification.

How the guideline value of Sivagami Ammaiyar Colony 9th Street has changed

The guideline value for Sivagami Ammaiyar Colony 9th Street has undergone several revisions over the years. The earliest recorded value in the register is from 2003, at Rs 477 per sq.ft. This increased to Rs 550 per sq.ft in 2007, then saw a significant rise to Rs 3,000 per sq.ft in 2012. However, the value decreased to Rs 2,010 per sq.ft in 2017 before climbing back to Rs 3,000 per sq.ft in 2023. The latest revision in 2024 established the current value at Rs 3,200 per sq.ft.

In terms of percentage changes, the value increased by 15% from 2003 to 2007, then surged by 445% from 2007 to 2012. Following that, there was a decrease of 33% from 2012 to 2017. The value then increased by 49% from 2017 to 2023, and finally, there was a 7% increase from 2023 to 2024. The overall increase from 2003 to 2024 is 571%. It is important to note that the register has no figure for this street in 2002.

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 of Rs 3,200 per sq.ft for Sivagami Ammaiyar Colony 9th Street is above this median.

• Sivagami Ammaiyar Colony 8th Street: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony All Streets: Rs 3,200 per sq.ft (2024)
• Sivagami Ammaiyar Colony 8th Cross 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 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 9th 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, charged at 7%, would be Rs 2,24,000, and the registration fee, charged at 2%, would be Rs 64,000. Together, the total cost for these fees would be 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 our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sivagami Ammaiyar Colony 9th Street?

The Sub Registrar Office that covers Sivagami Ammaiyar Colony 9th Street is 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 an essential factor when registering property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the property transfer process.

When a property is sold, the guideline value is used to calculate the necessary fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the registration process is transparent and fair, adhering to the established values set by the local authorities.

Frequently asked questions

What is the current guideline value of Sivagami Ammaiyar Colony 9th Street?

The current guideline value of Sivagami Ammaiyar Colony 9th 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 from Rs 477 per sq.ft in 2003 to Rs 3,200 per sq.ft in 2024, with several revisions in between. The most significant increase occurred from 2007 to 2012, while there was a decrease from 2012 to 2017.

What are the stamp duty and registration fees for property 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. These fees are based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Sivagami Ammaiyar Colony 9th Street?

The Purasaivakkam Sub Registrar Office covers Sivagami Ammaiyar Colony 9th Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Sivagami Ammaiyar Colony 9th Street?

Sivagami Ammaiyar Colony 9th Street falls under the Residential Class III Type - I land classification, indicating its designation for residential use.