Guideline Value for SIVALINGAM NAGAR

Sivalingam Nagar guideline value

The current guideline value of Sivalingam Nagar is Rs 2,420 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Mixed Special Type - I.

How the guideline value of Sivalingam Nagar has changed

The guideline value for Sivalingam Nagar has seen several revisions over the years. In the 2017 revision, the value was Rs 1,474 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in the 2023 revision, marking a change of 49%. The most recent revision in 2024 set the value at Rs 2,420 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, placing Sivalingam Nagar's 2024 figure above this median.

• Sivam Nagar: Rs 3,910 per sq.ft (2024)
• SivaVishnu Nagar 1st Street: Rs 2,090 per sq.ft (2024)
• SivaVishnu Nagar 2nd Street: Rs 2,090 per sq.ft (2024)
• SivaVishnu Nagar 3rd Street: Rs 2,090 per sq.ft (2024)
• Shubham Avenue Phase-I: Rs 2,420 per sq.ft (2024)
• Shiva Vishnu Avenue & Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Sivalingam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total costs together to Rs 2,17,800. 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 detailed calculations.

Which Sub Registrar Office covers Sivalingam Nagar?

Sivalingam Nagar is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor in the registration process of property transactions in Kunrathour-B. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration of property sales.

When buying or selling property, the guideline value ensures that the transaction is registered at a fair value, which is essential for legal and taxation purposes. Buyers should be aware that the stamp duty is calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Sivalingam Nagar?

The current guideline value of Sivalingam Nagar is Rs 2,420 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,474 per sq.ft to Rs 2,420 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets in Kunrathour-B with their guideline values?

Other streets in Kunrathour-B include Sivam Nagar at Rs 3,910 per sq.ft, SivaVishnu Nagar 1st, 2nd, and 3rd Streets at Rs 2,090 per sq.ft each, and Shubham Avenue Phase-I at Rs 2,420 per sq.ft.

What is the registration fee for property in Sivalingam Nagar?

The registration fee for property in Sivalingam Nagar is calculated based on the guideline value. For a plot of 1,000 sq.ft, the registration fee would be Rs 48,400.

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

The Kunrathur Sub Registrar Office covers Sivalingam Nagar and is located at No.59, Road Street, Kundrathur, Chennai -600 069.