Guideline Value

Corporate

Guideline Value for SIVAKUMAR NAGAR

₹485/sq.ft.

The guideline value for Sivakumar Nagar in Vichoor_b village (Thiruvottiyur SRO, Chennai zone) is Rs 485 per sq.ft, effective 1 July 2024. It was Rs 441 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:

Chennai

Zone

Vichoor_b

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹485 /sq.ft.
From 1-4-2023 ₹441 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹295 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Sivakumar Nagar

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Sivakumar Nagar guideline value

The current guideline value of Sivakumar Nagar is Rs 485 per sq.ft. This area is located in Vichoor_B village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sivakumar Nagar has changed

The guideline value for Sivakumar Nagar has seen significant revisions over the years. In 2017, the value was set at Rs 295 per sq.ft, which increased to Rs 441 per sq.ft in 2023. The latest revision in 2024 has raised the guideline value to Rs 485 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, highlighting a substantial rise in the guideline value over this period.

Guideline values in Vichoor_B

In Vichoor_B, there are 45 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft. The median value is Rs 485 per sq.ft, which is equal to the guideline value of Sivakumar Nagar.

Stamp duty and registration fee for property in Sivakumar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 485 per sq.ft, the total guideline value amounts to Rs 4,85,000. The stamp duty at 7% would be Rs 33,950, and the registration fee at 2% would be Rs 9,700, bringing the total cost for these fees to Rs 43,650. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivakumar Nagar?

The Sub Registrar Office that covers Sivakumar Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vichoor_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Sivakumar Nagar?

The current guideline value of Sivakumar Nagar is Rs 485 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 295 per sq.ft in 2017 to Rs 485 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the stamp duty rates for property in Sivakumar Nagar?

The stamp duty rate for property in Sivakumar Nagar is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What other streets have guideline values in Vichoor_B?

Other streets in Vichoor_B include Sidco Nagar with a guideline value of Rs 550 per sq.ft, and several streets like Sri Devi Nagar, Sri Mahalashmi Nagar, Sri Mugambigai Nagar, and Srinivasa Nagar, all at Rs 485 per sq.ft.