Guideline Value for SIVAGANGAPURAM

Sivagangapuram guideline value

The current guideline value of Sivagangapuram is Rs 2,150 per sq.ft, effective from 1 July 2024. This village falls under the Thiruvottiyur SRO and is classified as Residential Class I Type - II.

How the guideline value of Sivagangapuram has changed

Over the years, the guideline value of Sivagangapuram has seen significant changes. In 2007, the guideline value was Rs 500 per sq.ft, which increased dramatically to Rs 2,000 per sq.ft by 2012, marking a 300% rise. However, from 2012 to 2017, the value decreased by 33% to Rs 1,340 per sq.ft. The following revision in 2023 set the value at Rs 2,000 per sq.ft, which was an increase of 49% from the previous figure. The most recent revision in 2024 raised the guideline value to Rs 2,150 per sq.ft, reflecting an 8% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 330%.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the current guideline value of Rs 2,150 per sq.ft for Sivagangapuram below the median.

• Sivaprakasam Nagar: Rs 3,300 per sq.ft (2024)
• Sivashakthi Nagar: Rs 1,500 per sq.ft (2024)
• Shri Nagar: Rs 3,700 per sq.ft (2024)
• Somasundaram Nagar: Rs 3,700 per sq.ft (2024)
• Somu Chetty Street: Rs 3,300 per sq.ft (2024)
• Sornam Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sivagangapuram

For a 1,000 sq.ft plot at the current guideline value of Rs 2,150 per sq.ft, the total guideline value would be Rs 21,50,000. The stamp duty at 7% would amount to Rs 1,50,500, while the registration fee at 2% would be Rs 43,000. Together, these fees total Rs 1,93,500. 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 Sivagangapuram?

The Sivagangapuram area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thiruvottiyur. It serves as a benchmark for calculating the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value will be referenced to determine the applicable duties, ensuring that both the buyer and seller are aware of the financial obligations involved in the property transfer.

Frequently asked questions

What is the current guideline value of Sivagangapuram?

The current guideline value of Sivagangapuram is Rs 2,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 500 per sq.ft in 2007 to Rs 2,150 per sq.ft in 2024, reflecting a total increase of 330% over the period.

What is the median guideline value in Thiruvottiyur?

The median guideline value in Thiruvottiyur is Rs 3,300 per sq.ft, with Sivagangapuram's current value being below this median.

What are the stamp duty and registration fees for property in Sivagangapuram?

The stamp duty for a property valued at Rs 21,50,000 would be Rs 1,50,500, and the registration fee would be Rs 43,000, totaling Rs 1,93,500.

Which office handles registrations for Sivagangapuram?

The Thiruvottiyur Sub Registrar Office handles registrations for Sivagangapuram, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.