Guideline Value for SIVAGAMI NAGAR

Sivagami Nagar guideline value

The current guideline value of Sivagami Nagar is Rs 126 per sq.ft, effective from the 2024 revision on 1 July 2024. This area is located in Kurumacherry village under the Walajabad Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Sivagami Nagar has changed

Over the years, the guideline value for Sivagami Nagar has seen several revisions. The 2012 revision set the value at Rs 125 per sq.ft, which was followed by a decrease to Rs 84 per sq.ft in the 2017 revision, marking a reduction of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 126 per sq.ft, a figure that remained unchanged in the 2024 revision.

From the 2012 revision to the current 2024 revision, the overall change in the guideline value is an increase of just 1%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kurumacherry

Currently, there are no specific village figures provided for Kurumacherry. The guideline value for Sivagami Nagar sits at Rs 126 per sq.ft as of the 2024 revision. There are no other streets in Kurumacherry listed under the Walajabad SRO.

Stamp duty and registration fee for property in Sivagami Nagar

For a 1,000 sq.ft plot at the current rate of Rs 126 per sq.ft, the guideline value would be Rs 1,26,000. The stamp duty, charged at 7%, would amount to Rs 8,820, while the registration fee at 2% would be Rs 2,520. Together, the total cost for stamp duty and registration would be Rs 11,340. It is important to remember that duty is charged on the higher of the guideline value or the sale price. For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivagami Nagar?

The Sub Registrar Office that covers Sivagami Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kurumacherry. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When you approach the Walajabad SRO for registration, the guideline value will be used to determine the applicable fees based on the property's size and location. This ensures that both buyers and sellers are aware of their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Sivagami Nagar?

The current guideline value of Sivagami Nagar is Rs 126 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 125 per sq.ft in 2012 to Rs 84 per sq.ft in 2017, then back to Rs 126 per sq.ft in 2023 and 2024, showing an overall increase of 1% from 2012 to 2024.

What is the stamp duty rate for property in Sivagami Nagar?

The stamp duty rate for property in Sivagami Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is the registration fee calculated for property in Sivagami Nagar?

The registration fee is calculated at 2% of the guideline value or the sale price, whichever is higher, during the registration process at the Walajabad SRO.