Guideline Value for SIVAM NAGAR

Sivam Nagar guideline value

The current guideline value of Sivam Nagar, located in Moulivakkam village under the Kunrathur SRO, is Rs 3,900 per sq.ft, effective from 1 July 2024. This area is classified as Mixed Special Type - II.

How the guideline value of Sivam Nagar has changed

In the 2017 revision, the guideline value for Sivam Nagar was Rs 3,551 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 3,900 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 10% increase in the guideline value. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Moulivakkam

In Moulivakkam, there are 44 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,000 to Rs 3,900 per sq.ft. The median guideline value in this area is Rs 2,450 per sq.ft, placing Sivam Nagar's 2024 figure above that median.

• Sri Kamakshi Nagar: Rs 2,450 per sq.ft (2024)
• Sri Kamatchi Amman Nagar: Rs 2,450 per sq.ft (2024)
• Sri Lakshmi Nagar: Rs 2,650 per sq.ft (2024)
• Sri Murugan Nagar: Rs 2,450 per sq.ft (2024)
• Sathyanarrayanapuram: Rs 2,450 per sq.ft (2024)
• Srinivasapuram: Rs 2,450 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 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

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 additional information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Moulivakkam. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Sivam Nagar?

The current guideline value of Sivam Nagar is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 3,551 per sq.ft in 2017 to Rs 3,900 per sq.ft in 2024, reflecting a 10% increase. There was no change in the value from 2017 to 2023.

What is the land classification of Sivam Nagar?

Sivam Nagar is classified as Mixed Special Type - II according to the local land classification guidelines.

What are the registration fees for property in Sivam Nagar?

The registration fees for property in Sivam Nagar 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 property registrations in Sivam Nagar?

The Kunrathur Sub Registrar Office is responsible for property registrations in Sivam Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.