Guideline Value for SIVAJI ST

Sivaji St guideline value

The current guideline value of Sivaji St in Vilingiyambakkam village, under the Avadi SRO, is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - II land classification.

How the guideline value of Sivaji St has changed

The guideline value for Sivaji St has undergone several revisions over the years. In 2012, the value was Rs 850 per sq.ft, which decreased to Rs 569 per sq.ft in 2017. Following this, the value saw a significant increase, rising to Rs 850 per sq.ft in 2023, and further increasing to Rs 935 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10%. The register has no figures for the years 2002, 2003, and 2007 regarding this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median guideline value for the area is Rs 935 per sq.ft, which aligns with the current value of Sivaji St.

• Siranjeevi Nagar: Rs 800 per sq.ft (2024)
• Sindhu Nagar Extn: Rs 1,310 per sq.ft (2024)
• Spring Field: Rs 2,200 per sq.ft (2024)
• Senthilsamy St: Rs 935 per sq.ft (2024)
• Senthamil Nagar Udayasuriyan St: Rs 810 per sq.ft (2024)
• Senthamil Nagar Kannadasan St: Rs 810 per sq.ft (2024)

Stamp duty and registration fee for property in Sivaji St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total fees together to Rs 84,150. 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 details.

Which Sub Registrar Office covers Sivaji St?

The Sub Registrar Office that covers Sivaji St is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is essential in the registration process of property transactions in Vilingiyambakkam. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the minimum value for which the property can be registered. This value is crucial for legal documentation and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sivaji St?

The current guideline value of Sivaji St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then increased to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the median guideline value in Vilingiyambakkam?

The median guideline value in Vilingiyambakkam is Rs 935 per sq.ft, which is the same as the current guideline value for Sivaji St.

What are the stamp duty and registration fees for properties in Sivaji St?

For a 1,000 sq.ft plot at the guideline value of Rs 935 per sq.ft, the total guideline value is Rs 9,35,000. The stamp duty at 7% is Rs 65,450, and the registration fee at 2% is Rs 18,700, totaling Rs 84,150.

Which office handles property registration for Sivaji St?

The Avadi Sub Registrar Office handles property registration for Sivaji St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.