Guideline Value for SIVAGAMI NAGAR

Sivagami Nagar guideline value

The current guideline value of Sivagami Nagar is Rs 501 per sq.ft, effective from 1 July 2024. This street is located in Thadaperumbakkam village under the Ponneri Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Sivagami Nagar has changed

In the 2023 revision, the guideline value for Sivagami Nagar was Rs 200 per sq.ft. The most recent revision in 2024 saw a significant increase to Rs 501 per sq.ft, reflecting a change of +151% from the previous year. The register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

Prior to the 2023 revision, there were no recorded figures for Sivagami Nagar, indicating that the guideline value was not established for this street in the earlier revisions. The 2024 figure of Rs 501 per sq.ft aligns with the median value of Rs 501 per sq.ft for the 50 streets in Thadaperumbakkam under the Ponneri SRO.

Guideline values in Thadaperumbakkam

Thadaperumbakkam village has a range of guideline values for its streets, with figures for the 2024 revision varying from Rs 500 to Rs 1,500 per sq.ft. Sivagami Nagar's guideline value of Rs 501 per sq.ft is equal to the median value for the area.

• Sindur Nagar: Rs 501 per sq.ft (2024)
• Shakthi Murugan Nagar: Rs 600 per sq.ft (2024)
• Sri Amman Nagar: Rs 501 per sq.ft (2024)
• Sri Balaji Avenue: Rs 501 per sq.ft (2024)
• Senthamizh Nagar: Rs 600 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 501 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 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty at 7% would amount to Rs 35,070, while the registration fee at 2% would be Rs 10,020. Together, these fees would total Rs 45,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sivagami Nagar?

The Sub Registrar Office that covers Sivagami Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Thadaperumbakkam. It serves as a benchmark for calculating the stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to determine the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the correct amount is paid to the government, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sivagami Nagar?

The current guideline value of Sivagami Nagar is Rs 501 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 200 per sq.ft in 2023 to Rs 501 per sq.ft in 2024, marking a change of +151%.

What is the land classification for Sivagami Nagar?

Sivagami Nagar is classified as Residential Class II Type - I, indicating its designation for residential use.

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

The Ponneri Sub Registrar Office, which covers Sivagami Nagar, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. The fees are based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.