Guideline Value for SIVAN KOIL 1ST CROSS STREET

Sivan Koil 1st Cross Street guideline value

The current guideline value of Sivan Koil 1st Cross Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Sivan Koil 1st Cross Street has changed

The guideline value for Sivan Koil 1st Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,400 per sq.ft, which increased significantly to Rs 5,300 per sq.ft in 2012, marking a rise of 279%. However, from 2012 to 2017, the value decreased to Rs 3,551 per sq.ft, a drop of 33%. The most recent revision in 2024 set the guideline value at Rs 5,800 per sq.ft, reflecting an increase of 63% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 314%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value for these streets is Rs 5,800 per sq.ft, which is the same as the current value for Sivan Koil 1st Cross Street. Below are other streets in Puliyur with their respective guideline values:

• Sivan Koil 1st Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil Cross Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil South 1st Street: Rs 5,800 per sq.ft (2024)
• Sivan Koil South Street: Rs 5,800 per sq.ft (2024)
• Sivanandha Salai: Rs 7,100 per sq.ft (2024)
• Sivan Koil Street: Rs 6,300 per sq.ft (2024)

Stamp duty and registration fee for property in Sivan Koil 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value amounts to Rs 58,00,000. The stamp duty at 7% would be Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, resulting in a total of Rs 5,22,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivan Koil 1st Cross Street?

The Sivan Koil 1st Cross Street falls under the jurisdiction of the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your specific SRO, you can find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Puliyur. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated based on the official value set by the government.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. This value is regularly updated, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value of Sivan Koil 1st Cross Street?

The current guideline value of Sivan Koil 1st Cross Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 1,400 per sq.ft in 2007 to Rs 5,800 per sq.ft in 2024, which is an overall increase of 314%.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000.

Which office handles registrations for Sivan Koil 1st Cross Street?

The Kodambakkam Sub Registrar Office handles registrations for Sivan Koil 1st Cross Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

Where can I find more information about guideline values in Puliyur?

For more information about guideline values in Puliyur, you can refer to the Registration Department's guideline value register (TNReginet) or visit the relevant links provided for other streets in Puliyur.