Guideline Value for SIVALINGAPURAM VIVENKANANDA ST

Sivalingapuram Vivenkananda St guideline value

The current guideline value of Sivalingapuram Vivenkananda St is Rs 2,100 per sq.ft, effective from 1 July 2024. This street is located in Korattur village, under the jurisdiction of the Villivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Sivalingapuram Vivenkananda St has changed

The guideline value for Sivalingapuram Vivenkananda St has undergone several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in the 2017 revision. This marked a significant decline of 33%. However, the subsequent revisions saw an increase, with the 2023 revision raising the value to Rs 2,000 per sq.ft, followed by a further increase to Rs 2,100 per sq.ft in 2024, reflecting a 5% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a net increase of 5%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Korattur

In Korattur, there are 617 streets under the Villivakkam SRO, with guideline values ranging from Rs 1,100 to Rs 8,200 per sq.ft. The median guideline value for these streets is Rs 2,500 per sq.ft, placing Sivalingapuram Vivenkananda St's current value below this median.

• Sivalingapuram: Rs 2,100 per sq.ft (2024)
• Sivananda Colony: Rs 2,500 per sq.ft (2024)
• Sivanarayan Nagar: Rs 1,600 per sq.ft (2024)
• Sivagami Nagar: Rs 2,700 per sq.ft (2024)
• SIVASAKTHI NAGAR 1st STREET: Rs 2,900 per sq.ft (2024)
• SIVASAKTHI NAGAR 2nd STREET: Rs 2,900 per sq.ft (2024)

Stamp duty and registration fee for property in Sivalingapuram Vivenkananda St

For a 1,000 sq.ft plot at the current guideline value of Rs 2,100 per sq.ft, the total guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, bringing the total fees to Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sivalingapuram Vivenkananda St?

The Sivalingapuram Vivenkananda St is covered by the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your SRO, you can visit find your SRO.

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

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

When a property is registered, the guideline value is considered to ensure that the transaction reflects the official value set by the Registration Department. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sivalingapuram Vivenkananda St?

The current guideline value of Sivalingapuram Vivenkananda St is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

What is the land classification for Sivalingapuram Vivenkananda St?

The land classification for Sivalingapuram Vivenkananda St is Residential Class III Type - I.

What are the registration fees for property in Sivalingapuram Vivenkananda St?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Which office handles registrations for Sivalingapuram Vivenkananda St?

The Villivakkam Sub Registrar Office handles registrations for Sivalingapuram Vivenkananda St, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.