Guideline Value for SIVAM AVENUE EXTN-III

Sivam Avenue Extn-III guideline value

The current guideline value of Sivam Avenue Extn-III is Rs 2,100 per sq.ft. This property is located in Urapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - III.

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

The guideline value for Sivam Avenue Extn-III has undergone several revisions. In the 2012 revision, the value was set at Rs 2,100 per sq.ft. However, this figure remained unchanged through the subsequent revisions until the 2017 revision, where it decreased to Rs 1,407 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw a significant increase to Rs 2,100 per sq.ft, reflecting a 49% rise from the 2017 figure.

Overall, when comparing the guideline values from 2012 to 2023, there has been no change, as the value returned to Rs 2,100 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Urapakkam

While specific village figures are not provided, Sivam Avenue Extn-III is situated within Urapakkam. Unfortunately, there are no other streets in Urapakkam listed with their respective rates.

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

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, charged at 7%, would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000. Therefore, the total cost for stamp duty and registration fee combined would be 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.

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

Which Sub Registrar Office covers Sivam Avenue Extn-III?

The Sub Registrar Office that covers Sivam Avenue Extn-III is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more details, you can find your SRO.

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

When buying or selling property in Urapakkam, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded accurately.

The guideline value is assessed based on various factors, including location and land classification. Buyers and sellers should be aware that the stamp duty is calculated on the higher of the guideline value or the actual sale price, which can impact the overall costs involved in the transaction.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then back to Rs 2,100 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What are the stamp duty and registration fees for property in Sivam Avenue Extn-III?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 1,47,000 and the registration fee is Rs 42,000, totaling Rs 1,89,000.

Which Sub Registrar Office covers Sivam Avenue Extn-III?

The Gooduvancheri Sub Registrar Office covers Sivam Avenue Extn-III, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Are there any other streets in Urapakkam with guideline values?

No specific other streets in Urapakkam have been provided with their guideline values at this time.