Guideline Value for SIVAN KOIL 1ST STREET

Sivan Koil 1st Street guideline value

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

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

Over the years, the guideline value of Sivan Koil 1st Street has seen several revisions. The earliest recorded value was Rs 750 per sq.ft in 2002, which increased to Rs 824 per sq.ft in 2003. Following this, the value rose significantly to Rs 1,400 per sq.ft in 2007, and then to Rs 5,300 per sq.ft in 2012. However, there was a decrease to Rs 3,551 per sq.ft in 2017. The most recent revision in 2024 shows a substantial increase to Rs 5,800 per sq.ft.

From 2017 to 2024, there was a notable increase of 63%. The value decreased by 33% from 2012 to 2017, while it increased by 279% from 2007 to 2012. The rise from 2003 to 2007 was 70%, and from 2002 to 2003, it was 10%. Overall, from 2002 to 2024, the guideline value has increased by 673%. The register has no figure for the year 2023 for this street.

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 value for these streets is Rs 5,800 per sq.ft, which is the same as the current guideline value of Sivan Koil 1st Street.

• Sivan Koil 1st Cross 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, totaling 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sivan Koil 1st Street?

The Sub Registrar Office that covers Sivan Koil 1st Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Puliyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the guideline value is used to calculate the applicable charges, ensuring that the transaction is documented accurately. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Sivan Koil 1st 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, from Rs 750 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024, reflecting an overall increase of 673% since 2002.

What is the land classification of Sivan Koil 1st Street?

Sivan Koil 1st Street is classified as Residential Class I Type - I land, which indicates its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

The stamp duty for properties in Sivan Koil 1st Street is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

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