Guideline Value for SIVAM AVENUE EXTN-I

Sivam Avenue Extn-I guideline value

The current guideline value of Sivam Avenue Extn-I 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-I has changed

The guideline value of Sivam Avenue Extn-I has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 2,100 per sq.ft. However, this figure remained unchanged in the subsequent 2023 revision, indicating a stable value over the last decade. Between the 2012 and 2017 revisions, the value decreased to Rs 1,407 per sq.ft, which marked a drop of 33%. The most recent revision in 2023 saw an increase of 49% from the 2017 value, bringing it back to Rs 2,100 per sq.ft.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007, as well as for 2024. This means that the guideline value for these years is not recorded in the register.

Guideline values in Urapakkam

Currently, there are no specific village figures available for Urapakkam. However, Sivam Avenue Extn-I is classified under the Gooduvancheri SRO, which oversees the registration process for properties in this area.

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

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, calculated at 7%, would be Rs 1,47,000, while the registration fee at 2% would be Rs 42,000. Together, the total cost for these fees would be Rs 1,89,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sivam Avenue Extn-I?

The Sub Registrar Office that covers Sivam Avenue Extn-I 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 when buying or selling property in Urapakkam, as it determines the stamp duty and registration fees applicable to the transaction. Buyers must ensure that they are aware of the current guideline value to calculate the total costs involved in the registration process accurately.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, marking a decrease of 33%. It then increased back to Rs 2,100 per sq.ft in the 2023 revision, reflecting a 49% rise from the 2017 value.

Are there any guideline value figures for the years 2002, 2003, and 2007?

No, the register has no figures for the guideline values of Sivam Avenue Extn-I for the years 2002, 2003, and 2007.

What fees are associated with buying property in Sivam Avenue Extn-I?

When buying property in Sivam Avenue Extn-I, buyers should expect to pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sivam Avenue Extn-I?

The Sub Registrar Office for Sivam Avenue Extn-I is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.