Guideline Value for SIVAGAMI NAGAR

Sivagami Nagar guideline value

The current guideline value of Sivagami Nagar is Rs 870 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this street is Residential Class II Type - II.

How the guideline value of Sivagami Nagar has changed

Over the years, the guideline value of Sivagami Nagar has seen several revisions. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the guideline value to Rs 870 per sq.ft, marking a 9% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 18%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 figure of Rs 870 per sq.ft is higher than the previous revisions, reflecting the changes in the area's valuation over time.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. Sivagami Nagar's 2024 figure is above this median.

• Sivan Koil Street: Rs 770 per sq.ft (2024)
• Sivan Koil Street, East,West,North South Mada Veet: Rs 770 per sq.ft (2024)
• Sivaprakash Nagar: Rs 870 per sq.ft (2024)
• Sivasakthinagar: Rs 770 per sq.ft (2024)
• Sree Selva Vigneshwara Nagar: Rs 438 per sq.ft (2024)
• Shahana Nagar: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 870 per sq.ft, the total guideline value is Rs 8,70,000. The stamp duty at 7% would be Rs 60,900, and the registration fee at 2% would be Rs 17,400, bringing the total fees to Rs 78,300. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivagami Nagar?

The Sub Registrar Office that covers 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. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Thiruninravur-B. It serves as a reference for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value helps in calculating the applicable 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 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 870 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 further to Rs 870 per sq.ft in 2024, amounting to an overall increase of 18% from 2017 to 2024.

What are the guideline values of other streets in Thiruninravur-B?

Other streets in Thiruninravur-B include Sivan Koil Street and Sivan Koil Street, East, West, North South Mada Veet at Rs 770 per sq.ft, Sivaprakash Nagar at Rs 870 per sq.ft, and others ranging from Rs 438 to Rs 770 per sq.ft.

What fees are associated with buying property in Sivagami Nagar?

When purchasing property in Sivagami Nagar, buyers should consider the stamp duty, which is 7% of the guideline value, and the registration fee, which is 2%. These fees are based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Sivagami Nagar located?

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