Guideline Value for SIVAGAMIAMMAL COLONY
₹2970/sq.ft.
The guideline value for Sivagamiammal Colony in Hastinapuram village (Pallavaram SRO, Chengalpattu zone) is Rs 2970 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Hastinapuram
Village
Pallavaram
SRO
Residential Class I Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2970 /sq.ft. |
| From 1-4-2023 | ₹2700 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1809 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2700 /sq.ft. |
| 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)
7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Sivagamiammal Colony
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Pallavaram sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Sivagamiammal Colony guideline value
The current guideline value of Sivagamiammal Colony in Hastinapuram village is Rs 2,970 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class I Type - I.
How the guideline value of Sivagamiammal Colony has changed
The guideline value for Sivagamiammal Colony has seen several revisions over the years. The 2012 revision set the value at Rs 2,700 per sq.ft, which was then reduced to Rs 1,809 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 2,700 per sq.ft, and the current 2024 revision has raised it further to Rs 2,970 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.
From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The latest change from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.
Guideline values in Hastinapuram
In Hastinapuram, there are 277 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 4,400 per sq.ft. The median value among these streets is Rs 2,970 per sq.ft, which is the same as the guideline value for Sivagamiammal Colony.
- Sivagamiammal Colony 1st Cross St.: Rs 2,970 per sq.ft (2024)
- Sivagamiammal Colony 1st M. Road: Rs 2,970 per sq.ft (2024)
- Sivagamiammal Colony 2nd Cross St.: Rs 2,970 per sq.ft (2024)
- Sivagamiammal Colony 2nd M. Road: Rs 2,970 per sq.ft (2024)
- Somu Nagar: Rs 3,300 per sq.ft (2024)
- South Mosque Street: Rs 1,650 per sq.ft (2024)
Stamp duty and registration fee for property in Sivagamiammal Colony
For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value would be Rs 29,70,000. The stamp duty at 7% would amount to Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, leading to a total of Rs 2,67,300. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Sivagamiammal Colony?
The Sivagamiammal Colony falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Hastinapuram
The guideline value is a crucial factor when registering a property in Hastinapuram. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.
When buying or selling property, the guideline value ensures that the transaction reflects a fair value for taxation purposes. This value is set by the government and is periodically revised to reflect changes in the real estate market.
Frequently asked questions
What is the current guideline value of Sivagamiammal Colony?
The current guideline value of Sivagamiammal Colony is Rs 2,970 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 2,700 per sq.ft in 2012 to Rs 1,809 per sq.ft in 2017, then increased to Rs 2,700 per sq.ft in 2023, and finally to Rs 2,970 per sq.ft in 2024.
What are the stamp duty rates for property in Sivagamiammal Colony?
The stamp duty rate for property transactions in Sivagamiammal Colony is 7% of the guideline value or sale price, whichever is higher.
Where can I find the Sub Registrar Office for Sivagamiammal Colony?
The Sub Registrar Office for Sivagamiammal Colony is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.
What is the land classification for Sivagamiammal Colony?
Sivagamiammal Colony is classified as Residential Class I Type - I, indicating its suitability for residential development.
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