Guideline Value for SIVAM NAGAR

Sivam Nagar guideline value

The current guideline value of Sivam Nagar is Rs 3,910 per sq.ft, effective from 1 July 2024. This area is located in Kunrathour-B village, under the Kunrathur SRO, and is classified as Residential Class II Type - V.

How the guideline value of Sivam Nagar has changed

In the 2023 revision, the guideline value for Sivam Nagar was Rs 3,551 per sq.ft. This marked an increase of 10% from the previous year. The 2024 revision has set the guideline value at Rs 3,910 per sq.ft, reflecting the continuous adjustments made by the Registration Department.

There are no figures available for the revisions in the years 2002, 2003, 2007, 2012, and 2017 for this street. Thus, the only available figures are from 2023 and 2024.

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, with a median value of Rs 1,540 per sq.ft. The guideline value for Sivam Nagar is above this median.

• Sivalingam Nagar: Rs 2,420 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 Sivam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,910 per sq.ft, the total guideline value amounts to Rs 39,10,000. The stamp duty at 7% would be Rs 2,73,700, and the registration fee at 2% would be Rs 78,200, bringing the total to Rs 3,51,900. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivam Nagar?

The Sub Registrar Office that covers Sivam Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Kunrathour-B. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value is set by the Registration Department and can vary based on the location and type of property.

When a property is sold, the guideline value is used as a benchmark for calculating the applicable duties. If the sale price is higher than the guideline value, the stamp duty is calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Sivam Nagar?

The current guideline value of Sivam Nagar is Rs 3,910 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sivam Nagar was Rs 3,551 per sq.ft in 2023, which increased by 10% to Rs 3,910 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017 for this street.

What is the land classification of Sivam Nagar?

Sivam Nagar is classified as Residential Class II Type - V. This classification affects the guideline value and the regulations governing property transactions in the area.

What is the range of guideline values in Kunrathour-B?

The guideline values in Kunrathour-B range from Rs 660 to Rs 5,130 per sq.ft, with a median value of Rs 1,540 per sq.ft. Sivam Nagar's guideline value is above this median.

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

The Sub Registrar Office for Sivam Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about your SRO through the provided link.