Guideline Value for SIVAGAMI STREET

Sivagami Street guideline value

The current guideline value of Sivagami Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, and it falls under the Residential Class IV Type - II land classification.

How the guideline value of Sivagami Street has changed

The guideline value for Sivagami Street has undergone several revisions over the years. In 2002, the guideline value was Rs 512 per sq.ft, which increased to Rs 563 per sq.ft in 2003, marking a 10% rise. The value saw a significant jump to Rs 900 per sq.ft in 2007, reflecting a 60% increase. In 2012, the value was recorded at Rs 4,000 per sq.ft, which was a decrease of 344% from the previous revision. The guideline value then rose to Rs 2,680 per sq.ft in 2017, indicating a 49% increase. The most recent revision in 2023 set the value at Rs 4,000 per sq.ft, before the current figure of Rs 4,400 per sq.ft was established in 2024, marking a 10% increase.

It is important to note that there are no figures recorded for Sivagami Street in the years not mentioned in this summary. The overall increase from 2002 to 2024 is 759%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in this area is Rs 5,800 per sq.ft, placing the 2024 figure for Sivagami Street below this median.

• Sivanandha Salai: Rs 7,100 per sq.ft (2024)
• Sivan Koil 1st Cross Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil 1st Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil Cross Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil South 1st Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil South Street: Rs 5,800 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagami Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sivagami Street?

The Sub Registrar Office that covers Sivagami Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately and fairly.

When a buyer and seller agree on a sale price, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the fees are based on a standardized value, which is essential for maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Sivagami Street?

The current guideline value of Sivagami Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 512 in 2002 to Rs 4,400 in 2024, reflecting an overall increase of 759% over the years.

What is the land classification for Sivagami Street?

Sivagami Street is classified as Residential Class IV Type - II under the Kodambakkam SRO.

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

The Kodambakkam Sub Registrar Office, which covers Sivagami Street, is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees amount to Rs 3,96,000.