Guideline Value

Corporate

Guideline Value for SIVAGAMI NAGAR

₹840/sq.ft.

The guideline value for Sivagami Nagar in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 840 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 5% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹840 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sivagami Nagar

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Sivagami Nagar guideline value

The current guideline value of Sivagami Nagar is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Class II Type - II.

How the guideline value of Sivagami Nagar has changed

The guideline value for Sivagami Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, representing a 9% rise. The most recent revision in 2024 raised the guideline value to Rs 840 per sq.ft, marking a 5% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 14%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. Sivagami Nagar's 2024 figure of Rs 840 per sq.ft is above this median.

Stamp duty and registration fee for property in Sivagami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, and the registration fee at 2% would be Rs 16,800, totaling Rs 75,600. 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 further calculations.

Which Sub Registrar Office covers Sivagami Nagar?

Sivagami Nagar falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in the registration process of property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value affects the calculation of stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sivagami Nagar?

The current guideline value of Sivagami Nagar is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 840 per sq.ft in 2024. This represents an overall increase of 14% from 2017 to 2024.

What are the other streets in Thiruninravur-A?

Other streets in Thiruninravur-A include Sivan Koil Street, Sivaprakash Nagar, and Sree Kamachi Amman Nagar Annexure -C, among others. Each street has its own guideline value per sq.ft, with some streets valued at Rs 750 per sq.ft and others at Rs 990 per sq.ft.

What is the registration fee for property in Sivagami Nagar?

The registration fee for property in Sivagami Nagar is calculated based on the guideline value. For a property valued at Rs 8,40,000, the registration fee would be Rs 16,800 at 2%.

Where can I find the Sub Registrar Office for Sivagami Nagar?

The Sub Registrar Office for Sivagami Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.