Guideline Value for SIVAM AVENUE EXTN -II

Sivam Avenue Extn -II guideline value

The current guideline value of Sivam Avenue Extn -II is Rs 2,100 per sq.ft. This property is located in Urapakkam village, under the Gooduvancheri SRO, and is classified as Residential Special Type - III.

How the guideline value of Sivam Avenue Extn -II has changed

Over the years, the guideline value of Sivam Avenue Extn -II has seen several revisions. The 2012 revision set the value at Rs 2,100 per sq.ft, which remained unchanged in the subsequent 2023 revision. However, the 2017 revision recorded a decrease to Rs 1,407 per sq.ft, marking a -33% change from the 2012 figure. The most recent revision in 2023 saw an increase of 49% from the 2017 value, bringing it back up to Rs 2,100 per sq.ft.

In summary, from the 2012 revision to the 2023 revision, there has been no overall change in the guideline value, maintaining at Rs 2,100 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. However, the guideline value of Sivam Avenue Extn -II is Rs 2,100 per sq.ft. There are no other streets in Urapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Sivam Avenue Extn -II

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 to Rs 1,89,000. It is important to remember that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivam Avenue Extn -II?

The Sub Registrar Office that covers Sivam Avenue Extn -II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urapakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for completing the transaction. Buyers should be aware that these costs can significantly affect the overall expenses involved in purchasing property in the area.

Frequently asked questions

What is the current guideline value of Sivam Avenue Extn -II?

The current guideline value of Sivam Avenue Extn -II is Rs 2,100 per sq.ft, as per the 2023 revision.

How much has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained the same at Rs 2,100 per sq.ft in both the 2012 and 2023 revisions. However, it decreased to Rs 1,407 per sq.ft in the 2017 revision.

What is the land classification for Sivam Avenue Extn -II?

Sivam Avenue Extn -II is classified as Residential Special Type - III, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 and the registration fee would be Rs 42,000, totaling Rs 1,89,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.