Guideline Value

Corporate

Guideline Value for SIVAKAMI NAGAR

₹2750/sq.ft.

The guideline value for Sivakami Nagar in Medavakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Medavakkam

Village

Chennai South Joint I

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹212 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹136 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Sivakami Nagar

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sivakami Nagar guideline value

The current guideline value of Sivakami Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area is located in Medavakkam village and falls under the Chennai South Joint I SRO. The land classification for this street is Commercial Class I Type - III.

How the guideline value of Sivakami Nagar has changed

The guideline value of Sivakami Nagar has seen significant changes over the years. In 2002, the value was Rs 136 per sq.ft, which increased to Rs 212 per sq.ft in 2003, marking a 56% rise. The value continued to climb, reaching Rs 900 per sq.ft in 2007, a substantial increase of 325%. By 2012, the value was Rs 2,500 per sq.ft, reflecting a 178% increase from the previous revision. However, it then dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33% from 2012. The value rose again to Rs 2,500 per sq.ft in 2023, and finally reached Rs 2,750 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1922%. The register has no figures for revisions other than those listed above.

Guideline values in Medavakkam

In Medavakkam, there are 379 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,540 to Rs 7,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, making the 2024 figure for Sivakami Nagar above this median.

Stamp duty and registration fee for property in Sivakami Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. 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 information.

Which Sub Registrar Office covers Sivakami Nagar?

The Sub Registrar Office that covers Sivakami Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

The guideline value is a critical component in the registration process for buying or selling property in Medavakkam. It serves as a benchmark for determining the minimum value at which property transactions are registered, ensuring transparency and compliance with legal requirements.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Sivakami Nagar?

The current guideline value of Sivakami Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 136 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, marking an overall increase of 1922%.

What are the other streets in Medavakkam with their guideline values?

Other streets in Medavakkam include Sivakami Nagar 1st Cross Street at Rs 2,200 per sq.ft, and several other streets at Rs 2,750 per sq.ft.

What is the stamp duty rate for property transactions in Sivakami Nagar?

The stamp duty rate for property transactions in Sivakami Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sivakami Nagar located?

The Sub Registrar Office for Sivakami Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.