Guideline Value for SIVAKAMI NAGAR

Sivakami Nagar guideline value

The current guideline value of Sivakami Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This locality is situated in Athur A Block village, under the Chengleput Joint II SRO, and is classified as Mixed Type - I land.

How the guideline value of Sivakami Nagar has changed

Over the years, the guideline value for Sivakami Nagar has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision marked a significant increase from Rs 402 per sq.ft in 2017, reflecting a 49% rise. However, the value did not change from 2023 to 2024, maintaining the rate at Rs 600 per sq.ft.

It is noteworthy that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, when comparing the values from 2012 to 2024, the guideline value has remained constant, showing an overall change of +0% during this period.

Guideline values in Athur A Block

Athur A Block contains 44 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 300 to Rs 1,525 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, which is equal to the current guideline value for Sivakami Nagar.

• S.L.K.K Nagar: Rs 600 per sq.ft (2024)
• Sri Adhinath Avenue: Rs 600 per sq.ft (2024)
• Sri Balaji Nagar: Rs 600 per sq.ft (2024)
• Saraswathy Nagar: Rs 600 per sq.ft (2024)
• Sri Malli Nathar Nagar: Rs 600 per sq.ft (2024)
• Sri Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Sivakami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty is charged at 7%, resulting in Rs 42,000, while the registration fee is 2%, amounting to Rs 12,000. Therefore, the total cost for stamp duty and registration fee together is Rs 54,000. 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 Sivakami Nagar?

The Sub Registrar Office covering Sivakami Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Athur A Block

When buying or selling property in Athur A Block, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the property is valued appropriately during the registration process.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Sivakami Nagar?

The current guideline value of Sivakami Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a significant increase from Rs 402 per sq.ft in 2017. There was no change from 2023 to 2024.

What are the other streets in Athur A Block with the same guideline value?

Other streets in Athur A Block with the same guideline value of Rs 600 per sq.ft include S.L.K.K Nagar, Sri Adhinath Avenue, Sri Balaji Nagar, Saraswathy Nagar, and Sri Malli Nathar Nagar.

What is the registration fee for property in Sivakami Nagar?

The registration fee for property in Sivakami Nagar is 2% of the guideline value. For example, on a guideline value of Rs 6,00,000, the registration fee would be Rs 12,000.

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

The Sub Registrar Office for Sivakami Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more information through the provided link.